Smart meters will let companies change cost of electricity every 30 minutes under ‘surge pricing’

Smart meters will allow energy firms to introduce “surge pricing”, one of Britain’s biggest gas and electric providers has admitted for the first time.

New deals which will mean the price of energy fluctuates every half an hour will be introduced as soon the energy regulator has given them the green light, Scottish Power told the Telegraph.

The controversial tariffs rely on smart meters and will radically change the way households consume energy, leading to them paying more for watching television, charging gadgets and running the washing machine during popular times such as in the mornings and evenings.

Published in Telegraph, 30th July, 2018