At the beginning of July Ofgem announced a price drop for energy bills, however this is not set to last for the long haul. Unfortunately, energy prices are set to increase again before the winter months.

So, you may be looking for ways to reduce your energy bills?

There are lots of ways to do this at home by becoming creative and proactive, one way is to have a smart meter installed so you can track your energy usage efficiently.

You could save money with a smart meter if you use it to its full potential.

 

Getting a smart meter installed

The government have set a target for smart meters to be installed in 74.5% of homes and 69% of small businesses by the end of 2025. Many homes already have a smart meter but if not your energy supplier should offer to install one soon.

If you want one sooner, you can call them up to inquire about having one installed which they will do free of charge and should explain to you how it works too.

You can have a smart meter even if you are renting or on a pre-payment plan.

Having a smart meter has a lot of benefits if used correctly not only to save you money but also to reduce energy usage which helps the environment too.

 

The benefits of a Smart Meter.

  • The Meter will automatically send gas and electricity readings to your supplier so they can charge you accurately without you having to do a thing.
  • By using the in home display the meter will show you in pounds or in KWH how much energy you are using so you can keep track of it. To begin it will give you a baseline of your energy usage which you should take note of. This way when you then go to turn on/off appliances you can see how much this adds or saves.
  • If your baseline is 0.19p an hour and you turn off your kitchen lights and the price drops to 0.13 then you know the light was costing you 5p an hour.
  • You can identify which appliances around your house are costing you the most so you know to make sure these are turned off properly and used as little as possible if you are trying to save.