New 'dynamic pricing' tariff for electricity delayed after request from energy suppliers

The new tariff means customers can be told a day in advance when the best time would be to put on a wash, make dinner or do other energy intensive activities in the home to save money.

The introduction of a new "dynamic pricing” tariff for electricity customers has been delayed until next year, after some of the country’s main energy suppliers asked the regulator for an extension.

The new tariff – described as being suitable for “energy nerds” and not for all consumers by Bonkers.ie – will see the price of a household’s electricity change every half hour according to price fluctuations in the wholesale electricity market.