Euro Canals News

Your most trusted news channel

National Grid announced the first live event will take place this evening between 5pm and 6pm and could mean participating households make savings of a few pounds to as much as £20, depending on the amount of energy used, according to the BBC.

The scheme will run again tomorrow (January 24) between 4.30pm to 6pm.

To sign up for the Demand Flexibility Service, households in England, Scotland and Wales must have a smart meter, which gives readouts every 30 minutes to energy providers.

However, it should be noted that not all households with smart meters will be able to participate, as some energy suppliers have limited the number of people who can get involved.

Do you think the scheme is a good incentive? Would you consider getting involved? Vote in our poll and leave your thoughts in the comment section below.

READ MORE: ‘I’m a personal finance expert and my 10 money tips could save £50’