Demand flexibility scheme

Krakkkers
Krakkkers Posts: 1,095
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First winter with smart meters so bear with me.
I am with EON next but have received an invitation this morning by email from LOOP to join their "turn down and save" scheme.
Do i have to wait for EON to invite me to join or can i use LOOP?
How does it work?  Is one apps scheme better than anothers? 

Comments

  • QrizB
    QrizB Posts: 13,665
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    edited 11 November 2023 at 4:01PM
    You can use either, but not both.
    Last year Loop took a cut of the earnings. I don't recall whether EON Next did. You should compare what they offer.
    N. Hampshire, he/him. Octopus Go elec & Tracker gas / Shell BB / Lyca mobi. Ripple Kirk Hill member.
    2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 30MWh generated, long-term average 2.6 Os.
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  • Lorian
    Lorian Posts: 5,687
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    Eon next did not take a cut but it was a bit variable if people got invited or not. To assist make sure you have 30 minute meter readings selected and opt in to marketing emails (the latter may not be necessary this year) you can only do this on the website not in the app.

    The scheme has changed this year so it remains to be seen if it's worth the effort for many
  • If you sign up for loop, can you later withdraw and sign up with your supplier (or would your supplier not then offer as they can see you're already signed up)?
    I'm not an early bird or a night owl; I’m some form of permanently exhausted pigeon.
  • mmmmikey
    mmmmikey Posts: 1,594
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    If you sign up for loop, can you later withdraw and sign up with your supplier (or would your supplier not then offer as they can see you're already signed up)?

    As I understand it, the way the system works is you can only ever be signed up with one supplier, and signing up with a new supplier automatically makes you their customer. So if you sign up with Loop, all you need to do to transfer to, say, EON is sign up with EON and the withdrawal from Loop is automatic. IIRC this was covered in the Q&As when the scheme was launched.
  • So there's no disadvantage to the OP signing up to loop now and if Eon invite later they can do a comparison then. 
    I'm not an early bird or a night owl; I’m some form of permanently exhausted pigeon.
  • mmmmikey
    mmmmikey Posts: 1,594
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    So there's no disadvantage to the OP signing up to loop now and if Eon invite later they can do a comparison then. 
    That's my understanding, perhaps someone else could confirm?
  • I believe the terms this year are whoever puts you in first so if you are signed up to both it's whoever registers your supply into the event first.
    "I can lead you to the money saving well but cannot make you drink from it"

    As mum always said "don't respond to imbeciles just ignore them" wise words mum 
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