Residents in a Milton Keynes village have saved £1,000 by cutting back their energy use at peak times.

The community at Loughton, Buckinghamshire is taking part in the ‘Less is More’ project.

It’s run by Western Power Distribution (WPD), the electricity distributor for the area with funding from Ofgem’s Low Carbon Networks Fund.

WPD’s Steve Gough from the Low Carbon Networks Team said: “Specially installed monitoring equipment will allow residents to track their usage and a reward of up to £5,000  will be made to the community for a reduction in electricity usage, particularly at peak times.”

The distributor reckons a knock-on effect could mean lower bills for householders and reduced upgrade costs for substations.