If you don’t have one already, you will soon be offered a smart meter for both your gas and electricity supply. These are being rolled out to all homes across Great Britain by 2020 and will mean an end to estimated energy bills. So, what do you need to know about smart meters?

How does a smart meter work?

Smart meters are able to tell you exactly how much energy you are using via an in-home display panel, as well as the cost of that energy in pounds and pence. Your smart meter will also send this data back to your energy supplier, who will be able to bill you for your actual usage. You will no longer pay for any energy you haven’t used during any given period of time. You will also be able to see updates of your energy use in near real time for electricity and every half hour for gas.

What information will my smart meter give me?

Thanks to your in-home display, you’ll be able to see:
• The amount of energy you are using
• The amount and cost of energy you used in the last hour, week and month
• Whether your energy use is low, medium or high.

Can my smart meter save me money?

The simple answer is, yes! Your energy supplier will install your smart meter at no cost to you, as part of the national roll-out. Once installed, your smart meter can help you rethink the way you use energy and help you to spot times of day when energy use is high, so that you can find ways to turn down consumption and save money on your energy bills! You’ll be able to see the changes to your usage levels change in near real time on your in-home display, so it will be easy to identify the energy hungry things you are doing around your home. Your smart meter will also help you to keep track of what you are spending on energy between bills and budget for when the bills do arrive, so you’ll never have any nasty surprises on your energy bills.

How can I get a smart meter installed?

Simply contact your energy supplier. They will be able to talk you through the installation process and let you know when to expect your smart meter. If you are a tenant, you do not have to have permission to have a smart meter installed, but we would recommend talking to your landlord before installation takes place. There are benefits for them as well as for you, particularly if they are the person receiving the energy bills for the property. Smart meters mean that the bill payer will always be able to see exactly how much energy is being used, when it was used and what it is costing.

Did you know…?

More than 4 out of 5 people who have a smart meter would recommend having one fitted.