It is no secret that the cost of energy is one of the biggest catalysts for households to switch supplier - at Wheatley we can see a time fast approaching when your energy tariff matches your consumption profile and when that time comes households might just switch provider more often, especially when Ofgem’s Faster Switching Programme is launched. Because we believe tariffs will soon match consumption profiles we have created a tool to show what this could look like – our Consumption-Tariff Comparison tool (catchy, hey!).
The tool compares different usage profiles against different tariffs in real-time to enable dynamic switching. By taking three different households and four different tariffs the tool highlights what the energy profiles look like when on these different tariffs, and what it means for the bills.
We have just a few different variables in the tool at the moment, but are monitoring the market as it evolves with the smart meter roll out and faster switching, plus we are identifying up-and-coming technologies and understanding how they could affect consumption profiles vs tariffs. For example, the addition of new energy loads like electric vehicles, or heat pumps, will have a big effect on the consumption profile of certain households. It will be important for households to understand how new technology affects their consumption, and ultimately their energy bills, and Wheatley have the know-how to make this as easy as possible for all.
For now though, we’ve tried to make it easy to use and understand. Give it a go and share your thoughts with us – we’d love to hear from you. If you get stuck, you can always click on the ‘help’ button, and it will give you helpful pointers to guide you through the tool.
The date range picker allows you to choose a period (or a single day) for the consumption-tariff comparison
Choose a household profile to view the related consumption data
Choose a tariff to see how it affects the cost for the chosen profile
The charts show the consumption profile in kWh over a 24hr period, based on the household profile, tariff and date range
The Tariff Comparison list shows the price comparison for all four tariffs from best to most expensive
The cost token shows the cost of electricty for the period, profile and tariff currently chosen
OK Got It!