
Smart Meters
What are smart meters?
Smart meters are the next generation of electricity and gas meters. They will bring about the end of estimated bills and meter readings, and provide customers and energy suppliers with accurate information on the amount of electricity and gas being used.
Smart meters will allow customers to make choices on how much energy they use. Suppliers will install two-way communication systems that display accurate real-time information on energy use in the home to the consumer and back to the energy supplier.
In addition, smart meters enable:
- Flexible tariffs that measure consumption over set time periods
- The same meter for electricity (and gas, subject to cost) will be used for all customers, whether they are pre-payment or credit , and regardless of supplier
- Suppliers will be able to differentiate their tariffs and services through offering alternative means of displaying energy consumption – i.e. through mobiles, the internet or via digital TV
- Improved accuracy of forecasting energy demand at different times of the day
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