Quote:
Smart meters are to automatically send energy suppliers half-hourly updates on their customers' power use in a revolutionary move that will allow "surge pricing" in millions of households' bills.
The energy regulator Ofgem will be granted legal powers in May allowing it to change the way smart meters operate, so that information about usage is sent to suppliers every 30 minutes by default.
Suppliers will be able to use the data to change consumer energy prices as much as 48 times per day, allowing them to charge more at peak times.
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https://www.telegraph.co.uk/business...surge-pricing/
It was only a matter of time. Smart meters never were for the customers benefit. I shall protect my nice old meters with my life !
