Smart meters are a relatively new technology that’s being rolled out across the UK to replace your home’s conventional energy meter. They tell you the exact of amount of energy you’re using, thereby letting you curb your energy usage accordingly and become more energy efficient. They communicate with your energy supplier, preventing the need for someone to visit your home and read the meter in person.
The UK is still in the process of rolling out smart meters, and nationwide coverage will be available by the end of 2020. Millions of smart meters have already been installed in homes and businesses across the UK. The entire smart meter program is expected to save an estimated £300 million a year—or £5.7 billion over the duration of the entire smart meter initiative.
Essentially, a smart meter is a new type of meter that measures gas and electricity usage. Each meter comes with an In Home Display (IHD) that can be used to read your home’s current energy usage at any time. Smart meters are regulated to confirm that they display accurate readings and information, ensuring that your energy bill is always correct. Although it began as a government requirement, having a smart meter is completely optional for homeowners.
Smart meters are incredibly beneficial and will save you a lot of money in the long run. Below are some of the smart meter advantages you can expect.
With every boiler quote we can talk you through how much you could save with a new energy supplier, as well as a new boiler.
There are a couple of negative features of smart meters, although overall the pros outweigh the cons.
Some criticism has been drawn because the first wave of smart meters was essentially useless, leaving millions of users stuck (briefly) with unusable technology. This occurred because energy suppliers adopted a new national communications network that wasn’t compatible with the original smart meters.
Others are worried about their privacy, claiming that energy suppliers can use the data they collect from individuals and households and use it for promotions or sell it to third-party companies. However, outside of your energy usage being used to calculate your bill, you get to decide how each supplier uses your data and whether a company can use your data for marketing purposes.
Finally, there are those that say the device just isn’t cost effective. While the long-term benefits are yet to be seen, so far smart meters are proving to be a valuable tool for homeowners.
Unless you’d like to continue guessing why your energy bill is so expensive each month, smart meters are an excellent addition to your home. They’re free, they send your energy data automatically to your supplier, and they provide insightful information that can help you make better energy related decisions.
The best part of a smart meter is having accurate energy information to work with (rather than estimating your energy usage from an older meter). This allows you to easily save money on your energy bills and can help increase your energy awareness as well.
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