The smart meter rollout, although over budget and behind schedule, will eventually bring 53 million next generation, digital, and wireless-enabled smart meters to 30 million premises in Britain. While the initial 2020 deadline will likely be exceeded, energy suppliers will eventually offer smart meters to every home and small business in the country.
But you’re not obligated to accept a smart meter from your supplier. While they can save you money, some customers may be concerned about privacy or worried they won’t be able to switch energy. Below, we run down the pros and cons of smart meters, to help you decide whether to accept one when your supplier comes knocking.
Smart meters are next generation, digital, and wireless-enabled gas and electricity meters. They track your energy consumption like old meters, but rather than displaying it in a series of indecipherable numbers you must submit to your energy supplier, they display it digitally on a screen, in kilowatt hours and in pounds and pence.
This information is also shown on an in-home display, which presents your energy use in real time and over time, and in some cases on a smartphone app. This information is also automatically transmitted to your energy supplier each day, eliminating the need for manual meter readings and estimated bills.