Like everything, today, meters have gotten an upgrade. For those of you moving into a new place, starting a business, or looking to change your meter, chances are you’ll be getting a brand new shiny Smart Meter. After all, with everything becoming more digital, meters were bound for a change. To understand what you are signing up for, look no further.
What Is a Smart Meter?
A smart meter is an electrical device that closely monitors information related to energy, such as the voltage level, power factor, current, and consumption of electrical energy. It provides an easier understanding of electricity consumption to customers and suppliers alike.
How does a Smart Meter Work?
A smart meter is composed of two main parts: the display unit of the meter and the actual meter itself. An engineer from your electricity supplier will arrive to install your meter. Once it has been installed, your units of energy usage are sent directly to your supplier. Additionally, most companies do not have additional charges for a smart meter installation. Certain suppliers have a smart app that comes with their smart meter to allow you a better understanding of your energy consumption.
Benefits of a Smart Meter
If you are looking to change your current meter to a smart meter, then, of course, knowing the benefits will make that decision much easier.
Direct Reading
You no longer have to send a reading of your meter; the units used are sent directly to your supplier. This means you never have to worry about missing a payment as the supplier can access the unit usage directly, so no fear of late fees.
Accuracy
You no longer have to worry about your supplier sending you a bill based on your estimated energy usage should you forget to send them a reading. You will only be charged for the units you have used—one of the main reasons for anyone to opt for smart meter installations in their home or business.
Energy Usage
The smart meter not only shows you how much energy you are using but also the cost of the usage. This is a great way to monitor where you can reduce your energy usage and save on your bills.
Prepay Usage
Smart meters can easily be used by prepaid users. It comes in handy to keep track of how much credit you have remaining and whether you need to recharge your meter account.
Environmentally Friendly
Using a smart meter makes you acutely aware of your energy consumption. This leads to an increase in the usage of energy-saving appliances, reducing the amount of energy you use. Great for the planet and your pocket.
Monitor Spikes in Energy
Smart meters allow you immediate access to readings; this means that should you notice an irregular increase in energy consumption, you can identify the problem sooner. The spike may be due to a faulty appliance; being aware of the spike allows you to evaluate and come to the root of the issue and work to remove it.
Final Word
Getting a smart meter installed is a financially smart move. Not only do they reduce the chances of paying inaccurate bills, but they also make you aware of your energy consumption, helping you to reduce your usage. A smart meter is highly beneficial and a good idea to have installed.