Having a smart meter fitted (which can be installed free by your energy supplier) can lower your energy bills as it encourages good energy habits. Some homes fitted with a smart meter are showing energy savings between 5-20%.
Some advantages of having a smart meter are:
1. You can closely monitor your energy usage and the cost of the energy you are using which can remind you to turn off lights & appliances that have been left on.
2. Accurate bills – no more estimates & no need to submit meter readings. The smart meter sends your meter readings automatically so you will only be billed for the actual energy you use.
3. Highlights faulty appliances – a smart meter will allow you to notice any sudden energy spikes which may be associated with a faulty appliance.
4. Smart meters improve your awareness of energy consumption, changing behavioural habits and informing decisions to buy more energy efficient appliances.