What are smart meters?
Smart gas and electricity meters, are being installed by energy companies and should be offered to everyone in England, Scotland and Wales by 2020 – although a report by the National Audit Committee back in November said this will not be met.
The meters send automatic meter readings straight to your supplier, theoretically ending estimated bills.
But first generation SMETS1 meters frequently stop working when you switch supplier, so you’d need to start doing manual meter readings again. SMETS2, the newer type, allow you to switch while keeping your meter’s functionality.
The SMETS1 meters will no longer be installed by any firms from March. If you have one already, the plan is that in due course you will be able to remotely upgrade it with software to allow it to meet SMETS2 specifications.