With a smart meter home owners are able to see exactly how much energy they are using and how much that costs them. This works to remove the unpredictable practice of estimated billing and ensures that you only pay for what you use. For most one to two person households, installing a smart meter will actually lead to a fall in energy bills pretty much immediately.
In addition to this, smart meters represent a starting point for an important and inevitable upgrade of the country’s energy infrastructure. This is because the information that they collect lets energy companies produce smart grids, which allows them to predict what future energy needs will be, and when and where energy will be required so that they can match this demand with their supply. A more leveled out demand for energy, along with the use of smart grids works to decarbonise energy and reduce emissions, as there is less need to create extra power by burning fossil fuels.
Paying for just the amount of energy that you use and being able to actually manage and understand your level and patterns of energy consumption is a real tangible benefit of using a smart meter in your home. However, way beyond the rather simplistic ability to use one to regulate your own consumption of energy, smart meters will additionally let you access certain services that use the data provided by them further down the line.
Smart meters actively keep track of how much energy you use, when you use it, and for what purposes. They can even be paired up with systems for domestically generating energy (i.e. solar panels) to monitor and eventually regulate the volume of energy that feeds back into the energy grid. The tech is pretty much almost at the point where this can happen, but the first step is having a meter installed.
Even where you are not generating energy of your own, the battery tech is constantly developing all of the time. By having a battery stored at home in order to keep any energy that is generated in, it opens up the possibility of using time of use tariffs. For instance, you can, during those times where there is a surplus, access energy when the cost of it is at its lowest in order to bring your bills down.
There is also the possibility of changing services via the use of the data gathered on you by your smart meter onto one that is more economical. The usual and current process of doing this requires online research via the likes of Utility Bidder, which can be time consuming and does not always ensure that you get the best tariff for how much energy you use. In the future the process of changing will be one that is seamless and will save you money.
This goes to show that there is an exciting future ahead of use when it comes to our energy usage within the home and smart metres.