Surely someone has completely flunked their maths.

[studiot]

Not sure where to put this so I am starting with other science if we can include bonkers maths as currently practiced by UK politicians.

I have recently received notification from my electricity supplier company that my standard tariff has increased from  £0.2992 per kW-hr to £0.3661  per kW-hr. 

So imagine my suprise to see this report by the BBC.

https://www.bbc.co.uk/news/business-63329233

Quote

The value of discounts on electricity bills for households that cut peak-time use is to be raised, National Grid ESO has said.

Households will be paid £3 per kilowatt hour instead of 52p, if they avoid high-power activities, such as cooking, when demand is high, the firm said.

Energy firms Octopus and E.On had said the 52p payment to incentivise customers to sign up was too low.

The scheme is aimed at easing pressure on UK power grids this winter.

National Grid said at the beginning of October that in a worse-case scenario, planned power cuts could be necessary if gas supplies run very low.

Writing in the Guardian on Thursday, Fintan Slye, the director of National Grid ESO, said businesses and homes "can become virtual power plants and, crucially, get paid like one too".

"For a consumer that could mean a typical household could save approximately £100, and industrial and commercial businesses with larger energy usage could save multiples of this," he said.

What ??????????   they will pay me £3.00 to use off peak electricity ?

When do I get started, I plan to use as much as possible.

Will I get rich quick ?

 

[joigus]

Mathematical illiteracy is one of the best chances big oligopolies have to make bundles of money with no substance behind their claims. It's not beyond belief that some big companies will try to have you think they're giving money away. Or... maybe it was just a typo.