Its also worth pointing out that with big changes like this, theres always going to be winners and losers.
If for instance you currently use very little power, but almost all of your use is between 4 and 7pm in the evening peak, then in effect your use is being subsidsed by others during those times.
Alternatively if your have a usage pattern which completely avoids those peak times, your currently paying too much.
A system-wide switch to ToU billing will fix that disparity, the first guy will pay more, but the second guy will pay less. This seems fairer to me. But the guy whos having to pay more will probably have a good whinge about it.
I suppose its not unlike those people who are currently on the "Standard" tariffs are in effect subsidising everyone else who have shopped around. If those tariffs vanished, you can be sure the cheap tariffs would increase in price.
Same goes for the likes of water meters. Those who dont have them, pay an average amount that may or may not reflect their use. Some have meters fitted and think its fantastic because their bills drop. Others their bill goes up because they're having 47 showers a day, and have a good moan about them.
I dont really buy the "smart appliance" angle, the current meters simply dont seem capable. However having an EV i do know that there are already existing charge units which interface with the likes of Octopus Agile, and can ensure your car charges when the electricity is at its cheapest. However this doesnt really interface with the meter at all. It uses an API provided by Octopus, and all the scheduling is done via the charger itself. Though i guess without the smart meter, Octopus woudlnt be able to do the billing for it. So the meter is an enabler, even if the meter itself isnt actually involved.
If for instance you currently use very little power, but almost all of your use is between 4 and 7pm in the evening peak, then in effect your use is being subsidsed by others during those times.
Alternatively if your have a usage pattern which completely avoids those peak times, your currently paying too much.
A system-wide switch to ToU billing will fix that disparity, the first guy will pay more, but the second guy will pay less. This seems fairer to me. But the guy whos having to pay more will probably have a good whinge about it.
I suppose its not unlike those people who are currently on the "Standard" tariffs are in effect subsidising everyone else who have shopped around. If those tariffs vanished, you can be sure the cheap tariffs would increase in price.
Same goes for the likes of water meters. Those who dont have them, pay an average amount that may or may not reflect their use. Some have meters fitted and think its fantastic because their bills drop. Others their bill goes up because they're having 47 showers a day, and have a good moan about them.
I dont really buy the "smart appliance" angle, the current meters simply dont seem capable. However having an EV i do know that there are already existing charge units which interface with the likes of Octopus Agile, and can ensure your car charges when the electricity is at its cheapest. However this doesnt really interface with the meter at all. It uses an API provided by Octopus, and all the scheduling is done via the charger itself. Though i guess without the smart meter, Octopus woudlnt be able to do the billing for it. So the meter is an enabler, even if the meter itself isnt actually involved.