British regulator OKs plan to pay homes to use less power this winter

Reuters

Published Oct 27, 2023 10:37

Updated Oct 27, 2023 17:21

LONDON (Reuters) - British energy regulator Ofgem has approved plans to pay homes to cut electricity use and help prevent power shortages this winter, it said on Friday.

Under the demand flexibility service (DFS), homes that are signed up with their suppliers are paid, usually via discounts on their bills, for turning off appliances such as ovens and dishwashers during a specific period when electricity demand is high.