Why Does a Smart Meter Save Money?

How does a smart meter save you energy? Smart meters give you better visibility of your energy use so you can see where and how you're using energy, and therefore where savings could be made. You can easily track how much energy you're using today, this week, this month or this year on your in-home display.

Do smart meters actually save you money?

A smart meter won't automatically save you money

You'll have to be proactive to reduce your energy costs. The best way to do this is to use the digital 'in-home' display that you'll be offered with a smart meter to keep track of how much energy you're using. ... Read more about saving money on your energy bills.

Why do smart meters save energy?

Smart meters allow you to see when you're using the most energy and how much it's costing you. They eliminate the unpredictability of estimated billing, ensuring that you pay for exactly what you use. In fact, for many smaller households, installing smart meters means they see a reduction in their bills straightaway.