Save Energy & Earn Points With Equiwatt

Updated: Feb 15

Updated in January 2022 to include the new free £5 of credit referral information

Equiwatt is a new app designed to help householders in the UK reduce their energy usage from the comfort of their sofa and reward them for it through points and gifts. Better still, they also help people to do their bit to reduce their environmental footprint.

So how does it work? The app will reward you points for turning off connected domestic appliances, such as fridges, freezers, Tv's, washing machines, etc., during 'Equivents', which are hour-long periods, 10 - 12 times a month, designed to limit the amount of power you use, especially during peak times, which will help to reduce Co2 emissions, by reducing the amount of electricity needing to be produced by power plants, which are big Co2 producers.

The idea is that you use a smart plug to plug your appliances into. Then when the Equivent goes live, the app will then turn off the device for you for an hour (can be set to 30 minutes if you prefer), and you will then be doing your bit for the environment and your electricity bill, and earning points at the same time.

Points are awarded for using less energy during peak time Equivents. The more energy you save, the more points you will earn. Points can be redeemed for rewards or vouchers in the Equiwatt store.

You can register up to 9 household appliances to take part in Equivents. Points are allocated on a constantly changing scale dependent on appliance usage and market conditions. On average, they expect every device to earn points up to the equivalent value of £5 in rewards every year because the appliance takes part in the entire length of every Equivent.

You don't have to use a smart plug, as there is a manual mode, meaning that once you are advised that an Equivent is taking place, you can turn off your appliances manually, tell the app, and you will still be rewarded points.

You may qualify to receive a free smart plug direct from Equiwatt. There is an option to apply for one via the app. I did and received a plug a week or so later.

Participants in the scheme are also entered a monthly prize draw to win additional points, with the top prize being 1,500 points.

How does Equiwatt make money? When many houses need to use electricity simultaneously, it is known as peak time. The energy at those peak times is expensive and dirty because standby power plants need to be used rather than lower-cost renewable sources such as wind. Energy companies operate incentive programmes that pay for any initiatives that help to reduce energy usage at peak times. Equiwatt saves energy collectively across its community and passes your share of energy company incentive payments directly to you as rewards.

It's a novel idea and well worth signing up for; any way you look at it, you will save money, the savings on your electricity usage will add up over a year, and if you also earn enough points to grab a free Amazon voucher, or enough points to grab a free smart plug or Amazon Echo Dot, then better still!

You can find out more and sign up for free on the Equiwatt website, and if you use our unique referral link HERE and use the referral code MMLR, you will get 500 points, worth £5 as a signup bonus.