New Energy Smart Meters Could Cut Cost of Energy Bills

Smart Readers to Reduce Costs and Carbon Emissions

All homes in Britain will have smart meters installed by 2020 according to a Government statement released earlier this week.

The Information released by the Energy Retail Association explained that suppliers will install two-way communication systems that display accurate real-time information on energy use to the consumer and back to the energy supplier.

The introduction of Smart Meters will see the end of estimated bills and home call meter readers, allowing for a more accurate reading.

The Department of Energy and Climate Change (DECC) said this would mean:

  • Customers would be empowered as they make choices on how much energy they use
  • Smart energy use will save consumers money, make electricity use more efficient and cut carbon emissions
  • The instillation of the meters will make it easier to change between suppliers

An estimated  £6 million is being invested into the smart technology and will be set for installation by 2020.

If you are struggling to afford your energy bills, contact Payplan today for free debt advice and support.

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