Households using an hourly electricity price plan can reduce energy costs by shifting consumption from peak-hours to lower-priced periods.
Each day, the next day's hourly electricity prices are published on the Nord Pool electricity market. Since electricity prices fluctuate based on supply and demand, the cheapest and most expensive hours vary depending on the day. Therefore, it is wise to automate the largest electricity consumers in the household to reduce consumption during peak price hours and increase it during the cheapest hours.
In most residential buildings, the heating system is the largest energy consumer, accounting for up to 80% of the total energy demand (space heating + domestic hot water). HeatAdapt is specifically designed for buildings heated with air-to-water and ground source heat pumps, enabling them to benefit from daily electricity price fluctuations conveniently and fully automatically.