Back in October we featured smart meters on Finance Fridays. The general idea behind smart meters is that they can give each household greater control over their energy usage and bills. Rather than receiving estimated bills or having to wait until your bills arrive a smart meter is able to real time information and costs on energy usage. By 2020 every household will be offered a smart meter, to help monitor their usage and costs, at no extra cost.
Our friends over at Smart Energy GB have been helping everyone get to grips with smart meters. To get a better idea of how users have been getting on with their smart meters they asked them a few questions. Here is what they found out:
- 85% of smart meter customers had better idea of what they were spending on energy.
- Customers with smart meters are more confident in the accuracy of their bills (81%) when compared to those with traditional meters (64%).
- Around 80% of people with a smart meter have taken at least one step to reduce how much energy they use.
- 79% of people with a smart meter would recommend them to others.
- When it comes to understanding their energy bills 75% of people with smart meters say they can get to grips with them but only 61% with a traditional meter can.
- For those with a smart meter 72% said they have the right information they needed to choose the right energy tariff compared to 57% of people with traditional meters.
- More than half (52%) of those with a smart meter say their new meter is helping them save money.
Smart meters can monitor the usage of both electric and gas. People who have had a smart meter installed have found they have become much more aware of energy usage. Left the TV on standby? Turn it off and you can see immediately on the smart meter the difference it makes. Some of the other popular methods to reduce energy usage and costs have been simple things such as switching off lights and turning the heating either down or off. You'll never leave your mobile phone on constant charge again!
Have you got a smart meter? How have you found it has helped you?
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