Ofgem backs smart meters

Ofgem have just released an independent report that sets out why smart meters will give consumers ‘the information to make intelligent choices about their energy consumption’.

It lays out the benefits to consumers as follows:

• better information can help consumers cut energy use
• smart meters end the need for estimated bills and the need to be in when the meter reader calls
• consumers will benefit from more choice in tariffs, for example time of use tariffs offering cheaper electricity during the night when demand for energy is lower
• in due course switching will become quicker and easier – days rather than weeks - increasing the competitive pressure on energy suppliers
• smart meters make switching between payment methods easier, i.e. switching between credit and prepayment modes using the same meter
• smart meters will give much clearer information, allowing consumers to compare competing tariffs more easily
• smart meters could detect problems with a consumer’s electricity supply, and
• smart meters will make it easier for suppliers and third parties to offer consumers tailored energy efficiency advice.

It also points out that since households in Britain are responsible for 26% of the UK’s energy use and carbon dioxide emissions, smart meters will help tackle climate change head on.

Good news for the environment and for consumers.

Take a look at the full report here.

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