Well done, Steve - you got it in one!
We learned, only this week – with no obvious announcements from government or electricity suppliers – that from 1 June (a week's time) that almost every domestic electricity customer will be switched to a new Tariff, called 2.0TD . . .
.

- my graphic
Green = low price per kWh
Yellow = 'flat' or mid-price
Red = peak price
We've had variable tariffs for years here, but lots of different ones, which has (as intended) made price comparisons between providers very difficult. Our own one was low price from 22h00 to 12noon, peak price 12noon to 2200h.
Claimed extra Good News is that
1 - all weekends and public holidays will be low price 24/24h
2 - the same times will operate for both Summer and Winter
All this rides on the back of smart meters, which are almost everywhere now. We've had one for around 10 years.
The smart meters will "change the clocks" twice a year, instead of consumers having to remember to re-schedule the washing machine.
BUT - and there are always a BUT's . . .
All the companies can fix the unit prices for each time-slot as they wish, so comparisons are still difficult.
Endesa (the largest supplier) seems about to boast the lowest Peak cost per unit . . . but has wound up the price of the other two!
Half our current bills are standing monthly charges for 'potencia' (i.e. having a power supply), meter rental, government 'green' tax, and VAT at the full 21% on all of those. Not uncommon for us to use €90 of units in a month (currently €0.08/kWh off-peak, €0.17 peak), plus another €90 for standing costs. Not cheap! There has been no announcement about these charges for the new tariff.
Endesa are one of the companies that most consumers here trust about as far as they can throw them, and errors in billing almost always end up very much in their favour, not ours. (We have personal experience of this, when a smart meter managed to get the time of day wrong (9 hours out!) for over a week, resulting is a serious spike in cost. This was never acknowledged or put right, despite the intervention of the Consumer Office here.) None of this inspires confidence. We long ago fitted our own (analogue and calibrated) second meter, so to be able to keep a check on problems. The trouble with remotely-controlled smart meters is that they can very easily be . . . . . remotely controlled. Shift a time slot by just 15 minutes across tens of thousands of meters, and there's big bucks to be had. Suspicious, moi ?
So, it's a 2.0TD for us all!
