What’s a smart meter?
A smart meter is a new generation of meter that will replace your existing electricity and gas meters. Yes, those ones, where the numbers slowly click onwards, telling you how much of each energy type you’ve used.
The new smart meter will still do the job of measuring your energy use too, but cleverly they’ll now wirelessly transmit that data to your energy company.
That means no more knocks on the door to read your meters, requests by post or email for manual readings or in the absence of other readings, estimated bills.
You can see the benefit to that probably straight away. In addition, you’ll get a monitor for inside your house which will show you how much energy you’re actually using at any given time. The idea here is that armed with this information in real-time, we’ll all be able to make better decisions about lowering our energy usage and save ourselves money in the process.
There’s a potential longer term benefit too. As these meters are much more sophisticated, there’s the potential opportunity to work out how much energy you’re using at different times of day and night. This gives the potential to have dual tariffs, which would involve paying cheaper rates off peak in the future.