Ten Smart Meter Facts

  1. Consumers will have near real-time information to help understand and manage energy use, thereby helping them to save money and play their part in reducing carbon emissions.
  2. Smart metering will open up new products and services, such as the provision of tailored energy efficiency advice and more innovative tariffs.
  3. Suppliers and networks will be able to receive alerts if a customer goes off supply and when supply is restored – this will enable corrective action to be taken sooner, thereby minimising disruption to consumers.
  4. The remote functionality of smart meters will allow switching between payment methods and will open up additional payment channels for prepayment customers (i.e. top up over the phone, via the internet or ATMs).
  5. Data can be communicated between the meter and the energy supplier or other authorised parties.
  6. Meters can be read remotely by the energy supplier allowing for accurate and timely billing.
  7. The ability to connect devices to the meter, such as a telephones or computers.
  8. They will support ‘time-of-use’ tariffs, which offer different levels of charges, depending on when the energy is used.
  9. Equipment that has been linked to the meter can be turned off automatically by a business at particular times to benefit from varying pricing levels.
  10. Where electricity is generated at the site (such as through a wind turbine or solar panel), any excess electricity exported can be measured, to give an accurate calculation of Feed-in-Tariff (the premium paid to a consumer by its utility)


Source: Make it Cheaper

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