Energy prices: households could save money with flexible electricity consumption
The stock exchange electricity price fluctuates throughout the day. Both homeowners and tenants could take advantage of this and save money. The prerequisite would be digital meters.
German households could save up to 1.65 billion euros this year by shifting their electricity consumption to cheaper times of the day, according to calculations by energy company Eon and the Forschungsstelle für Energiewirtschaft. However, most households still have analog meters that do not track time of use, providing no incentive to adjust consumption.
If 18.3 terawatt-hours of household energy use were shifted to cheaper times, it could save billions of kilowatt-hours. This potential is expected to increase to 34 terawatt-hours by 2031. The rollout of digital meters is planned to be largely completed by 2030.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
