Users will begin to pay for differentiated hours on their electricity bills

The Supervisory Agency for Investment in Energy and Mining (Osinergmin) approved a new electricity rate option called BT5-Iwhich offers differentiated prices for electricity according to the hours of use.

In a first stage, this new option will allow 100,000 users included in the Smart Metering Pilot Plan to benefit from accessing cheaper rates at certain times, estimating savings of between 5% and 19% on their electricity bills.

Osinergmin’s objective is to make available to users a rate option that allows them to save and consume electricity efficiently, through differentiated electricity prices in three time blocks: base (11 p.m. to 8 a.m.), half (8 a.m. to 6 p.m.) and tip (6 p.m. to 11 p.m.).

How does it work? Osinergmin explained that smart meters They will record the electricity consumption of the house according to the time of day.

Thus, by using electricity in the base and medium hour blocks, they would allow a reduction in the electricity rate of up to 19%, while using electricity in the peak hour block would generate an 8% increase in the electricity rate.

Time blocks: save by organizing

To take advantage of the savings offered by this new rate option, users must transfer their consumption from the most expensive hourly block to the cheapest hourly blocks, without this representing a reduction in total consumption or ceasing to access the benefits of electrical energy.

This rate option will take effect as of September 1, 2023 within the framework of the smart metering pilot plan.

Likewise, Osinergmin is in the process of approving the connection, replacement, and maintenance costs that include the intelligent metering system, which will allow the elimination of consumption reading errors because it can be read remotely, with which the Consumption information can be transmitted to customers in real time allowing them to manage their consumption.

“The migration to smart meters will allow home consumers to actively manage their consumption, not only benefiting from a lower payment on their electricity bill, but also, and more importantly, stop consuming at peak hours and contribute to not fossil fuels are consumed and thereby reduce their carbon footprint, which will help care for the environment,” said the regulatory body.