What is a time-of-use tariff?
A time-of-use tariff charges different electricity rates depending on when you use it. Off-peak periods are usually cheaper, so moving flexible use such as laundry, dishwashers, and EV charging overnight can reduce bills.
What is Octopus Go?
Octopus Go is a time-of-use electricity tariff with a low overnight rate, currently around 9p/kWh, between 00:30 and 04:30. It is especially useful for EV owners who can charge overnight.
Do smart meters save money?
Smart meters do not directly reduce bills, but they make usage visible and enable time-of-use tariffs. Studies show this can reduce consumption by around 3-4%, with larger savings for flexible usage or EV charging.