How the New Electricity Rates Will Effect You
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.