As part of an initiative to bring about greater energy efficiency, energy suppliers have been told that they need to replace existing gas and electricity smart meters.
The smart meter won’t reduce how much energy you use by itself. However, because they provide useful information on how much energy you’re using, and of course how much it’s costing you, the hope is that people will become more aware about energy consumption and as a result consume less.
Although some energy companies have begun the roll out of the new meters, you shouldn’t necessarily expect anything to change in the near future. The energy companies have until the end of the year 2020 to rollout the meters. It’s probably not surprising it will take a while when you consider that the UK’s 30 million homes and small businesses have around 53 million meters to replace!