Reducing Electricity Cost
Smart meters can also help you save money by reducing the cost of electricity. They can give you real-time information about how much energy you’re using, so you can take advantage of the lowest possible rates. Some suppliers will also offer you special, exclusive tariffs that aren’t available to consumers without a smart meter.
Communication With Supplier
Unlike a standard meter, which can only send readings automatically, smart meters can talk to your energy supplier via radio, RF transmissions, and cell phones. They will then send readings to your energy supplier’s central computer system. This means you don’t need to have a technician come out to your home to get a meter reading.
Peak Periods
Smart meters can also help you save energy, especially during peak periods. This is because they can help you control your electricity usage based on local demand load. You can use this information to lower your demand during peak periods, and if you’re prepaying your electricity, you may even be able to switch to a cheaper energy plan.
Information To Central Hubs
In addition to displaying your actual energy usage, smart meters can also send information to your home’s central hub, which can send this information to other smart displays in your home. Smart electric meters can also communicate with your heating and air-conditioning systems. This will allow you to adjust your usage in response to temperature changes and price changes.