The only way that smart meters reduce your bills us if you realise from the meter what you are using and change your ways.
It might make you realise how expensive a tumble dryer is to run.
No problem with ours. It came with a separate monitor which tells you how much electricity you use each day and the cost - if you are using a lot of appliances on one day, you will see the cost shoot up! As Hopkirk stated, a tumble dryer is the appliance which is the costliest to run.
People seem to confuse the smart meter with the in-home display.
The smart meter is the big box that replaces your existing meter, usually in the same place. It is smart because it constantly updates your usage to the supplier and there is no need to read the meter.
The in-home display is a little monitor that connects wirelessly to the smart meter so the customer can easily see how much gas and/or electricity they are using and how much it is costing them in £ and pence.
The smart meter does nothing to keep your monthly payments down. Understanding the information on the in-home display may help you use less energy but only if you take action to use less gas and/or electricity
Giggsie, i had an engineer here about having a smart meter and he did some tests and said i cannot have one because he could not get a connection. I did not really understand him and what he really meant.
Hi William, if smart meters are installed in your neighbourhood there should be no problem installing one at your home, Barry's is the best answer that explains what a smart meter is.