How the New Electricity Rates Will Effect You

How the New Electricity Rates Will Effect You

By on May 17, 2021 in Electricity Bill | 0 comments

AS FROM 1st June 2021 a new regulation will come into force that will modify the current electricity tariffs for all consumers contracted up to 15 kW. Iberdrola will be adapting their smart meters to have 3 different rates on weekdays. Monday to Friday will be divided into 3 time bands, PEAK, OFF-PEAK and FLAT. Weekends and Bank Holidays will be OFF-PEAK. This will be done automatically and there will not be a charge for the modification.

The times for the bands are:

Monday to Friday (all year);

OFF-PEAK : 24:00 to 08:00.  FLAT : 08:00 to 10:00.  PEAK : 10:00 to 14:00.  FLAT : 14:00 to 18:00.  PEAK : 18:00 to 22:00.  FLAT : 22:00 to 24:00.

Weekends and National Holidays (all year) is OFF-PEAK.

Full details are available on the Iberdrola Distribution website here.

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