Ireland’s Guide To Money And Living

Power off to save

Power off to save

Members of Electric Ireland’s Smarter Living panel – are you interested in saving €100 on your electricity bill?

Power Off & Save is a new programme launched by EirGrid and Electric Ireland, an 18-month pilot scheme which will reward consumers who reduce energy use when demand is high.

Customers will be able to save up to €100 by reducing their electricity use for 30-minute periods ten times over the course of 18 months, easing the pressure on the national grid when electricity usage is high. “Electricity demand fluctuates depending on the time, day, or month of the year. Demand can also jump or fall in line with one-off events. A recent example of high demand on the grid was on Monday evening, when Ireland played Sweden in their opening game of Euro 2016,” explained EirGrid Chief Executive Fintan Slye. “Electricity use dropped dramatically following kick-off, as the country settled down in front of the television and stopped using electric showers, appliances and lights in other rooms.”

Appliances that can be turned off include lights in unused rooms, or TVs when on standby. A total of 1,500 customers from Electric Ireland’s Smarter Living panel will be recruited to take part in the programme, rewarded based on the level of participation. Once the pilot is completed, EirGrid will look to roll the programme out on a national basis.

“Electric Ireland is providing its residential customers with the chance to be part of a programme to reduce electricity when there is a peak in demand on the grid and as a direct result help reduce CO2 emissions. Many customers on the programme will receive exciting new technology developed as part of Electric Ireland’s Smarter Living trials to help them respond to these calls. This programme will potentially change the future use of electricity,” said Paul Stapleton, General Manager, Electric Ireland.

For more information, visit www.electricireland.ie.

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When not writing about all things personal finance, You & Your Money's editor Conor Forrest enjoys reading, football and getting lost in an ocean of Wikipedia articles.
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