24 Nov 2008 05:11:21
Smart meters increase energy understanding
Smart meters could boost consumers understanding of energy use.
Installing smart meters in people's homes will give them a better understanding of their energy use, according to the Energy Saving Trust.
Energy meters will have a display panel which will be regularly refreshed, allowing households to keep a track of their energy consumption.
Combined with information regarding variable tariffs, including for example cheaper energy costs during low-demand periods, consumers can then make informed decisions about how much energy they use and when.
"Smart meters will help people understand energy better. Standard meters were hidden away in a cupboard not telling you much, but smart meters can show you how much you are saving by turning down the thermostat in an instant," Marian Spain, director of strategy at the Energy Saving Trust told the Independent on Sunday.
"In addition, smart meters make deals more transparent if you can see your pattern of energy use, you can see what tariff suits your needs."
The government has announced plans to make smart metering compulsory in all homes by 2020 as part of the Energy Bill working its way through parliament.
It has yet to determine whether the scheme will be put into place as a fully competitive metering market or whether to run it as a centralised operation carried out by local monopolies.http://tinyurl.com/5wvp3r