Why are smart meters a good idea?
Smart meters are a much needed modernisation of the energy industry that was last upgraded in the 1970s. Both energy suppliers and consumers will benefit from its introduction.
The government impact assessment states that consumers will benefit the most from the smart meter roll-out, in particular from being able to use accurate consumption information to lower energy usage. Other benefits include accurate billing and no waiting in for the meter reader.
Suppliers will also benefit as a result of the accurate information a smart meter provides. This will help suppliers improve the standard of service that they offer and personalise communications through better understanding customers’ energy use.