A smart meter can be installed into any home or business. It will measure the amount of energy that you have used but it also has the added benefit of being able to tell you when you are overusing energy, so you can pinpoint the appliances that are costing you more to run. Then it will tell you how much this energy is costing. The information is then displayed on a device within your home and your energy supplier will be able to gather this information automatically.
The in-home unit will show you exactly how much gas and electricity you are using, providing the user with real-time information that will help them to make decisions about their energy use, adapting and cutting down on waste to save money and to help the environment.
The smart meter has removed the need for anyone to have an estimated bill for their energy use because the utility company can simply use the smart meter information to create an accurate bill. An estimated bill is just a company’s best guess of the amount of energy that you have used so sometimes you can end up paying more.