Smart meter app Loop has re-launched its Turn Down and Save scheme to help Britons save more on energy bills this winter.
The scheme was reintroduced on Wednesday, November 1, following its successful run last year, which saw the app pay out over £100,000 collectively to participants. It made an additional contribution of £20,000 to UK energy charities.
Dr Steve Buckley, head of product and data science at Loop, commented: “We’re pleased to re-open the Demand Flexibility Scheme to millions of bill payers, in particular those who may not have access to the scheme via their energy supplier.
“We want to support our users in any way we can. Our Turn Down and Save scheme is a great way to understand how your home uses energy and the simple lifestyle changes that can help you reduce your energy consumption.”
Turn Down and Save (TDAS) rewards users of the free smart meter app for consuming less energy during peak times in at least 10 national energy-saving ‘events’ over the coming months.
During the events, which typically last an hour, all participating households will receive £2.50 per kWh saved when they reduce their regular usage by 40 percent.
Dr Buckley said: “We would encourage all eligible households to get involved. As homes get smarter – with more large devices able to choose when they use electricity – services like DFS will allow homes to play an increasingly valuable role in balancing supply and demand.”
Additionally, those with higher average usage during peak times – for example, larger households or those who require electric vehicle charging – could save even more by adjusting their usage outside of peak hours.
By shifting energy usage away from peak times, Loop said the National Grid can more sustainably manage the UK’s electricity needs, reducing the reliance on costly and environmentally harmful energy sources.
Loop’s scheme is open to anyone with a smart meter, which is currently 17 million households, according to Smart DCC.
This reflects an increase of over three million compared to when Loop’s scheme was launched last year.
Dr Buckley added: “Every week we sign up thousands of new customers who can’t access their own smart meter data through their supplier.
“This limits their ability to manage their energy use and control their spending.
“And with the current cost of living crisis – plus the backdrop of net zero targets – we know how critical it is to give households visibility and control of their spending and energy use.”
can’t access their own smart meter data through their supplier.
“This limits their ability to manage their energy use and control their spending. And with the current cost of living crisis – plus the backdrop of net zero targets – we know how critical it is to give households visibility and control of their spending and energy use.”
