Smart Time of Use tariffs

I must admit as I read newspaper headlines of 'typical bills to top £5k' and similar predicting doom and gloom in the coming year,  I can't help but think that think the balance of what is worth doing as prices go up is going to tip smartly in the direction of 'oh no it isn't !' and a change from just doing more of what we did last year.
At the simplest level things like this to spread demand peaks, and also basic demand destruction - there may be a few quarters of subsidy and getting into debt, but eventually folk will not use energy they cannot pay for.  Those who can afford it will insulate and use less, those who can't will just use less and get round it other ways. There will be a lot of grumbling, but in the long run less domestic demand will be the final outcome and or more non-fossil generation, including nuclear.

Mike.

I must admit as I read newspaper headlines of 'typical bills to top £5k' and similar predicting doom and gloom in the coming year,  I can't help but think that think the balance of what is worth doing as prices go up is going to tip smartly in the direction of 'oh no it isn't !' and a change from just doing more of what we did last year.
At the simplest level things like this to spread demand peaks, and also basic demand destruction - there may be a few quarters of subsidy and getting into debt, but eventually folk will not use energy they cannot pay for.  Those who can afford it will insulate and use less, those who can't will just use less and get round it other ways. There will be a lot of grumbling, but in the long run less domestic demand will be the final outcome and or more non-fossil generation, including nuclear.

Mike.

mapj1 said:

Those who can afford it will insulate and use less, those who can't will just use less and get round it other ways.

Improving the loft insulation is rapidly getting towards the top of my list of things to do.

I simply don't understand the economy. If everybody is feeling the pinch, where is the money coming from which is fuelling inflation? I agree that things must change and that demand must fall one way or another. Then with a bit of luck, prices will fall.