A smart meter is a device that measures how much electricity you use, and in this way, it is similar to a traditional meter.
But what smart meters can do is accurately determine your electricity usage, i.e. you won’t receive any more estimated electricity bills based off previous readings.
They also tell you when you are using the most electricity during the day, and which household appliances are contributing to your overall usage.
In trials where consumers had this detailed information, consumers reduced their overall energy consumption by up to 3% and peak demand by 8%.
As smart meters are connected to your utility company, you will no longer have to submit readings or have someone read the meter from time to time, making your life that little bit simpler.