Electricity bills could soar or plummet for London households based on new consumer profiles.
The article explores how different households in London use electricity by grouping them based on their habits. By studying over 5,500 homes, the researchers discovered various types of consumers. Some wealthy households use a lot of electricity, while others use very little. Similarly, some less wealthy homes consume more power than their counterparts. These findings can help companies adjust prices to match how much energy each kind of household uses, aiming to decrease high bills caused by peak consumption times.