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Smart Meters

How can a smart meter help me save money?

22 May 2021

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How can a smart meter help me save money?

Smart meters enable accurate billing, taking the stress out of budgeting and putting you back in control. 

A smart meter can help you with your household budgeting. The in-home display (IHD) offered with your smart meter shows you in near real-time the amount of energy you use in pounds and pence. Allowing you to keep a closer eye on your energy spending habits.

This can help you find ways to reduce energy waste around your home and save money. For example, you can save around £35 a year just by remembering to turn your appliances off standby mode according to of the Energy Saving Trust.

So, your favourite goalkeeper won’t be the only one saving the day.

Where else can I make savings?

Smart meters could also help you switch to a better deal, as you’ll have accurate energy usage information which can help you choose the supplier and tariff that suits you best.

For example, if you have a smart meter, you can choose a smart time-of-use tariff, which offers a different price of energy at different times of the day.

Delyth is a single-mum and lives with her son in Cardiff; her smart meter has encouraged her to switch her energy tariff and ensure her bill is always in budget:

Please note:

  • Eligibility of smart meters may vary.
  • Consumer action required to obtain cost savings and budgeting benefits of smart meters.

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