I keep getting emails about switching to a smart meter and I’m not opposed to them having had them in the past with Ovo. However, I’m not keen on the smart tariff at first glance. My wife and I both work from home and our entire house runs on electric: Hot water, heating (electric flow boiler with wet underfloor heating, albeit with some unheated rooms). Consequently are bills are pretty hefty and sadly we cannot switch to oil or gas for both logistical and cost reasons. We haven’t been in the house a year yet so I don’t know what the average bill will be but I’m currently paying over £300/month as I think this will comfortably cover our usage. However this all means we are in the ouse and using power at the peak time of 4-7 every day, and that’;s when we’ll be cooking etc. Given the price per kWh is close to three times the standard price at this time but really not much below standard outside this time I’m not keen to be on it, on the face of it.
The question is, will this tariff become the norm if you have a smart meter? If so, then I worry that it would cost me even more so I would have to switch away. Are there any indications that this is the case, or will the standard fixed rate still be available for those who want it? If the standard tariff remains available and you can switch freely between them then it’s not a problem: The plan then would be to get the smart meter, monitor usage and the do some calculations to see how it might affect us. If it is favourable then I could switch and see and if not then stay on the standard tariff. My energy costs a fortune as it is, I really don’t need to be paying more, especially in one of the most expensive regions for power!