Yes Judd, though the perception is simply the understanding of how Smart Meters have been rolled out in other countries.
There is no doubt whatsoever that Variable Rate Billing WILL be coming but even someone as astute as yourself must surely see that if they broadcast that fact now, then there would be widespread refusal of people to take up Smart Meters. It is the Smart Meter that ENABLES Variable Rate Billing to happen.
So what’s happening is they are slipping Smart Meters in “under the radar” so to speak, via stealth, via clever misleading advertising and by giving people a stupid gadget to focus their attention on rather than have them see the true purpose of the Smart Meter.
Right now you won’t see any difference at all in your bills because your Smart Meter has just replaced your old meter and is just recording your usage. BUT . . . . when the energy companies switch to Variable Rate Billing then you’re sadly Daffy Ducked. The period from late afternoon through the evening will be deemed “peak period” and you will then be charged an INCREASED rate for energy used during that time. Overnight will be “Quiet Period” and you’ll be charged less during that period.
So if you do absolutely nothing at all, continue consuming energy exactly as you do now, when Variable Rate Billing comes in your bills WILL go up because all the energy you use in Peak Period will be charged at the highest rate.
What will you do? Record all your TV programmes and only watch them from 3am to 11am throughout the night?
What about your heating, cooking your evening meal, kids playing on consoles and laptops when they are home from school? etc etc
People simply do not yet realise the implication of what is surely coming. It will be too late once it comes because no-one will uninstall your Smart Meter and put an old one back.
Yep and you are charged by the UNIT. Doesn’t matter when during the day you used those UNITS, they all get charged at the same rate whether morning, afternoon, evening or overnight.
What I am saying is that situation will change. You will be charged different rates at different times of the day. Result . . . massive increase in your bills.
Worth doing the research on this.