Green Energy UK has launched a variable tariff for residential electricity customers, claiming it will give customers more control over their energy bills. The new tariff is called TIDE.
Doug Stewart, Green Energy UK’s chief executive, said: “The introduction of smart metering presents the opportunity for a different way to buy energy, a different way to manage our usage, a different way of controlling our bills; a way of being smart in every sense of the word.”
The TIDE tariff encourages consumers to vary their usage in line with this and use electricity in periods of lower demand when the price is cheaper. It offers variable pricing during the day and at weekends.
Customers who have a smart meter and who sign up online to the tariff will pay 4.9p per unit between 11.00pm and 6.00am every day and 11.99p per unit at most other times. But they will pay 24.99p per unit during the peak time of 4.00pm to 7.00pm on weekday evenings.
See tariff details here