Smart meters could soon cost you a whole lot more
What remarkable power climate change has to turn the usual rules of fairness on their head. The poor pay the taxes and the wealthy get subsidised. It has happened with electric cars, where well-off early adopters were handed grants of £4,000 to buy a new vehicle – as well as being excused fuel duty and road tax, essentially freeing them from having to make any contribution to the upkeep of roads. It has happened with heat pumps – whose owners have enjoyed years of subsidies, the latest manifestation of which is £7,500 in upfront grants. Surge pricing is a desperate solution to manage demand rather than maintain supply The next phase will be even more painful for the poor and even more rewarding for the wealthy.