Smart Meter

Is A Smart Meter Right For You?

Technology continues to improve, and if you are interested in saving money on your power bills, a new monitor might be just what you need. The information that follows will help you learn more about smart meters so you can determine if one is right for you.

What Can A Smart Meter Do?

If you are interested in saving on your monthly power bill, a smart monitor will help you keep on eye on how much energy you are using so you can cut back. It may also qualify you for a tax break as well.

It is up to you whether you install the meter or not. It is a good idea to read more about them and do your research so you can figure out if the product is right for your home.

Will The Meter Help Me Save?

Yes, you will save money by using the smart meter. However, if you install one but do not use it, you won’t see any benefit.

Obviously, you will need to spend money on the installation process. However, you no longer have to pay to have a meter read and you may not have to pay as much in taxes. Of course, there are other ways to save on your energy bill as well, and if you couple those strategies with a smart meter, you could see substantial savings.

How Does A Smart Meter Work?

A smart meter is a product that can tell you how much electricity and gas you use and what the associated cost is.

They are installed on your property. You can choose a prepayment method or a direct deposit method, and either will work with the smart meter.

What Are The Advantages And Disadvantages?

There are a lot of advantages associated with smart meters. For one, you know that your bill is correct. It is simple to figure out how much energy you are using. You may get a tax break, and if your power goes out, it is more likely to get turned back on faster.

Be aware, though, that you might have to pay more at peak times. You may also get targeted advertisements based on your data.

What Is The Process?

Smart meters relay your gas and electricity usage to you. They also let your power company know.

You already have a gas and electricity meter at your home, but chances are, that meter is very old. Someone from the power company has to come out to take a look at your meter. Also, you may get an estimated bill when you have outdated technology; that is generally not necessary when you have a smart meter. Smart meter installers need to be skilled as this post from nPower shows.

How Are They Made?

Smart meters basically have three parts. There is a meter that takes the place of your old meter. There is a unit to place in your home that shows you what is happening with your usage. And, there is a communication hub that transmits gas readings every thirty minutes or so. Electricity is updated every ten seconds.

You have the option to choose when readings go out to the supplier. If you choose to update often, your bill will be much more accurate. If you add this to changing tariff with Simply Switch then you can cut it even more.

Frequently Asked Questions

What if you have more than one supplier? Is wireless Internet necessary to the functioning of a smart meter? How do you get your data?

The display unit in your home receives both gas and electricity readings. From there, you are able to see your total energy usage. You can also find out how much energy you used in the past sixty minutes or week or month. You are able to determine what your bill will be and how your energy usage stacks up against others.

If your smart meter is prepaid, you can find out even more. You can determine how much credit is remaining and what your emergency credit balance looks like. You can see if you owe any money. You also can set up an alert to tell you when you don’t have much credit remaining. The display unit itself varies according to the supplier, but the information stays the same.

The Future

In the United Kingdom, every home is expected to have a smart meter by the year 2020. If you are interested in getting one as soon as possible, get in touch with your supplier.

When you call, tell them you would like to have a smart meter installed. Agree on a time that works for both of you. Make sure you write down the date so that you can be present when the engineer arrives.

If you have a meter, but then change to a supplier that doesn’t support the technology, it is possible that you may have to get another one at some point.

Do You Have To Stay With The Same Supplier?

No, you can change if you would like. However, if the supplier doesn’t support your smart meter, you will be unable to use it and manual readings will once again take place.