# Britain launches scheme to pay homes to curb electricity use
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-11-04
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: National Grid Launches Payment Scheme to Prevent Winter
Meta Description: Get paid to reduce electricity use during peak times with National Grid's new scheme. Save up to £100 this winter and avoid blackouts. Sign up now!
URL: https://financedigest.com/britain-launches-scheme-to-pay-homes-to-curb-electricity-usehtml

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LONDON (Reuters) – Britain’s National Grid on Friday launched a scheme to pay homeowners and businesses to curb their electricity use when demand is high to help prevent blackouts over the winter.

National Grid last month warned that Britain could face forced power cuts if it is unable to import enough electricity and gas this winter and said it would launch the initiative as part of its measures to prevent this from happening.

“(The Scheme) will help mitigate the potential risks … and will allow [consumers to see a financial](https://www.financedigest.com/uk-consumer-mood-hits-one-year-high-but-financial-gloom-persists.html "UK consumer mood hits one-year high, but financial gloom persists") return for reducing their electricity use at peak times,” said Fintan Slye, Executive Director of National Grid’s Electricity System Operator.

Under the scheme, which will run until March 2023, homes with smart meters and that have signed up will be sent emails or texts with [time slots when they could be paid via money off their bills](https://www.financedigest.com/uks-sunak-to-halve-support-that-helps-businesses-pay-fuel-bills-the-times.html "UK’s Sunak to halve support that helps businesses pay fuel bills -The Times") for reducing their electricity use.

[National Grid said homes](https://www.financedigest.com/still-living-at-home-a-third-of-the-nation-cant-afford-to-rent.html "Still living at home? A third of the nation can’t afford to rent") responding to the alerts could save up to 100 pounds over the winter while businesses could potentially save even more.

(Reporting By Susanna Twidale; editing by David Evans)


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