The ongoing energy crisis in the UK has jolted everyone. Combined with the increasing energy bills and the possibility of an energy shortage, it helps to take any possible steps towards reducing energy use.
To that end, installing a smart meter in your home might seem like the perfect solution. With over 29.5 million smart meters installed in the UK, the government’s measure to replace the analogue electricity and gas meters is in full swing.
Should you also make the switch? Let’s explore.
Track your energy usage easily
Before the advent of smart meters, you had to rely on the electrician to read the meter, and they’d take their own sweet time before they paid a visit. With a smart meter installed, you won’t have to wait for the electrician. The display shows your electricity usage in real-time, allowing you to determine your spending and cut down on your usage if needed.
Track your spending
When it comes to energy bills, three different rates apply – peak, off-peak and shoulder. The peak rate is typically applied in the evening hours during weekdays. That’s when your electricity costs the most. You can use your smart meter to determine your electricity usage in each of the different segments.
Freedom to use peak or off-peak tariff
In the absence of a smart meter, you are charged a single rate tariff, which means that no matter when you are using energy, you are paying a fixed rate. You can’t use peak or off-peak rates.
However, when you install a smart meter, you can switch to the tariff that allows you to use peak and off-peak rates. You must apply these rates if you go out in the evenings on weekdays; if you stay at home during the weekends; and use a lot of appliances during night time and on weekends.
Access to smart tools
When you install a smart meter, you get access to some handy tools including the in-home display unit and the website portal. The display unit allows you to track how much energy you consume in real-time and how much it’s costing you per hour. You no longer have to wait for a monthly bill to get a reading.
The website portal is another useful tool that offers complete data for your energy usage. It can calculate the amount of electricity you consume per day, per week, per month and per year.
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