What are the benefits of having a smart meter?

According to Smart Energy GB, there are several benefits to smart meters:

More accurate bills Smart meters mean the end of estimated bills, the end of having to remember to provide meter readings and/or have a stranger come into your home to read your meter.

Better understanding of your usage With the smart meter display, you can see the direct impact your habits and lifestyle have on your bill. This is particularly useful to prepayment meter customers, who can better track how their usage impacts their available credit. By making your energy usage easier to understand, you can make smarter decisions to save energy and money, including feeling more confident switching energy supplier.

Bringing Britain's energy system into the 21st century The future is smart, and smart meters are part of the effort to create a smart grid, which is part of providing low-carbon, efficient and reliable energy to Britain's households.

Innovative energy tariffs When suppliers have a better understanding of usage patterns, more innovations can be made to the types of tariffs they offer