You could get paid to use your oven and washing machine at different time of day.
He added it "should not have a negative impact" on consumers as its aim was to balance the power grid at a times of the year when heating and lighting causes overall electricity demand to be higher.
The way customers would redeem savings has not been established, but Octopus Energy said its consumers received credit on their energy accounts and also had a "self-refund option" where they could get cash transferred to their bank accounts. Energy supplier Octopus Energy, which trialled National Grid's proposals, said smart meter customers who reduced their consumption on evenings when demand is highest manged to save cash.
Greg Jackson, chief executive and founder of Octopus Energy said traditionally at times when demand was high, National Grid would pay large companies to reduce their usage, or pay for "diesel generators to switch on to produce electricity". Energy firms have been asked to delay the closure of UK coal-fired power plants by the government, which has said it is exploring "a wide range of options to further bolster our energy security and domestic supply".
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