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UK Billpayers Saved £300m in 2024 as Energy Flexibility Booms

Ofgem plans new time-of-use tariffs to accelerate shifts to off-peak consumption, easing grid pressure.

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Overview

  • Consumers saved £300 million by delaying appliance use and charging EVs during low-demand hours last year.
  • The Energy Network Association recorded a record 9 GW of flexible capacity and harnessed 22 GWh across Great Britain, triple the 2023 levels.
  • Eighty percent of flexibility stemmed from renewable and other non-fossil sources, underlining the shift to green energy.
  • The ENA forecasts more than £3 billion in industry and consumer savings by 2028 through reduced infrastructure contributions and connection charges.
  • Ofgem is introducing complex time-of-use tariffs that its CEO says could dramatically lower bills by pricing power for off-peak periods.