Should you get a smart meter installed in your home?

If there’s one question that’s on top of mind for most people across Great Britain it is this: should you get a smart meter installed?

Although you are not legally obliged to have one installed, a smart meter can help you understand more about your daily energy usage and take the steps to reduce wasteful usage. This is extremely important given the skyrocketing energy prices and the higher cost of living.

If you are wondering whether you should call someone for smart meter installations in the North East yet, read on. In this post, we discuss the pros and cons of having a smart meter installed in your home.

Pro: no monthly meter readings

A smart meter does away with the need for meter readings. You no longer have to wait for the meter reader to visit you to get a reading. The reading gets sent to the supplier automatically. This means the energy supplier won’t have to pay someone to visit you and get a reading, resulting in cost savings, which they could pass on to consumers.

Con: privacy concerns

Privacy advocates are concerned that customers’ smart meter readings could be relayed to third parties without their consent. Although there are laws in place that prohibit energy supplies from sharing information without permission, the laws relating to how tech companies can use data are complicated.

On the bright side, so far there have been no known instances of hacking or misuse of smart meter data.

Pro: real-time readings

The display unit that comes with the smart meter helps you to understand your energy usage in real-time.

This means you can monitor precisely how much energy is being consumed by a particular appliance. You can single out your energy-guzzling appliances from the most energy-efficient ones.

With this information in hand, you can prioritise your energy consumption and cut back on the appliances that consume the most energy.

Con: problems when switching energy suppliers

There are two types of smart meters: SMETS1 & SMETS2. The first-generation smart meter (SMETS1) may stop functioning when you switch suppliers, which means you may have to go back to manual readings. However, the second-generation (SMETS2) meters do not lose their functionality when switching providers.

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