npower’s latest tariff, the Intelligent Control October 2016 plan, launches today and comes bundled with Google’s Nest Learning Thermostat. The latter is a smart device which allows users to remotely control their home’s heating system and adapts your home’s temperature to your behaviour.
The dual fuel tariff will cost the average home £1,169*, and represents great value for anyone looking to purchase a Nest Learning Thermostat. In fact, the average cost of the tariff minus the £249 retail price of the Nest is £920, a full £70 cheaper than the current market leading plan. It does, however, carry £50 per fuel exit fees.
However, despite npower offering customers a better deal, it is still worth working out whether it makes sense to get a Nest for your home. There are cheaper energy deals out there, so it’s always worth running a price comparison and making sure you’re choosing the best energy deal for you.
Fixed prices and lower energy consumption
Speaking on the launch, Simon Stacey, npower’s Managing Director of energy services, said: “People have busy lives and we want to help make it as easy as possible to manage their homes. With the weather getting colder and people becoming more aware of their heating costs, they will be looking for smarter ways to reduce their energy bills this winter.
“The Nest Thermostat combined with the Intelligent Control tariff gives people peace of mind that their energy prices won’t go up, while their energy use could go down.”
Back when the product first launched in the UK, Lionel Paillet, general manager for Europe Nest, talked up the energy saving potential offered by the Nest. He said that customers based in the US typically manage to save up to 20% on their heating costs thanks to the device.
What is a smart thermostat?
Smart thermostats are devices designed to give you more control than ever before, over your central heating. They provide you with a wealth of data regarding your use of heating and enable you to optimise your home’s temperature to help you save energy whilst being comfortable.
There are a number of different brands available, including British Gas’ Hive, ScottishPower’s Connect and tado°. The products are designed according to two distinct philosophies: some rely on the consumer interpreting data and using it to instigate appropriate changes (Hive and Connect), whereas others (Nest and tado°) “learn” from user behaviour and control your home’s temperature with as little input from you as possible.
*Based on a medium user customer using 3,200 kWh of electricity and 13,500 kWh of gas, on a dual fuel plan, paying by monthly Direct Debit, with bill sizes averaged across all regions.