Regular feedback on consumption can influence consumer behaviour and smart meter displays do this very effectively. Smart meters have been shown to be a very effective tool in reducing energy
consumption. Typically reductions of between 5-15% have been noted.
Smart meters provide the in-depth information you need to understand how much and when you use your energy. They can also show how much you are paying. This has been shown to be a major incentive
for businesses to address energy wastage and achieve major savings.
By analysing the time of use, the meters facilitate preferential various tariff options that are more beneficial to the user.
Smart meters are also used to meter on-site generation and will validate energy exported.
Smart meters will make estimated bills a thing of the past.
The build-up of underpayment due to estimated bills is a major factor when you enter into your Contract Renewal period.
Should you find a cheaper rate for your gas, electricity or water and wish to sign a new contract, your existing supplier will not allow you to leave unless full payment has been made.