By 2020, every home in the UK will have been offered a Smart Meter by their energy supplier. We get a lot of customers asking if this will compliment their smart home set up and whether it’s likely to cost them extra money. We answer your top questions below in order for you to get a better understanding of exactly how they work and why you should definitely get one when offered by your energy supplier.
How much do smart meters cost?
According to the energy suppliers there is actually no direct cost to you. An engineer will visit your home to install the smart meter and the cost of the roll out is already covered in your energy bill in a similar way to how traditional meter installation/ maintenance is.
Are there any issues I should look out for with smart meters?
On a scale like this there has to have been a few issues along the way. The good news is that the majority have now been ironed out seeing as smart meters have been getting rolled out for a few years now. Things to look out for are as follows:
Temporarily losing functionality – there was first gen smart meters that are not compatible with all suppliers. However, if you’re being supplied a unit by your energy provider then we’re 100% sure they’ll be compatible.
Smart meters not compatible with solar – sometimes you’ll find that energy providers cannot offer you a smart meter because they are not yet compatible with solar or microgeneration.
Location of your meter inaccessible – if your current meter is in an obscure location in your home (basement) then a smart meter may not be offered to you because of the inability to acquire signal.
Am I locked down to one energy supplier if I get a smart meter?
In short, the answer is yet. If you have a smart meter installed that is not compatible with a new energy supplier then your smart meter will be reverted to ‘dumb’ mode. The new supplier is obligated to take on the customer.
How do smart meters work? What are they?
Smart meters automatically and wirelessly send your actual energy usage to your supplier. This means households will no longer rely on estimated energy bills or have to rummage around in a cupboard to find their current readings.
Most smart meters will come with a display to show how much energy is currently being used and the cost associated with the usage.
Take a look at all our Smart Power products here.