'Smart meters will save consumers just £11 a year' - MSE News

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Customers who have smart meters installed will save just £11 a year on their energy bills, according to a new report
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''Smart meters will save consumers just £11 a year''

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''Smart meters will save consumers just £11 a year''

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Yes, but given that these things are being pushed out there as a way to save energy, be greener and save money then it is quite the joke that they won't even claw back half of the last price "hike", and that is far from the promised revolution in your home energy finances.
Oh, and the monetary savings won't even cover the half day's holiday I'd have to take to let them install it. And the energy savings won't cover the carbon footprint of the manufacture and installation of the devices.
They won't save customers anything!
We are all paying for this pathetic roll out program organised by idiots and they will most likely still be fitting the obsolete first generation SMETS1 meters next year, when the cut off date is extended yet again.
Eventually when time of use tariffs are implemented, we will all have to pay more for our energy at peak times, which will more than wipe out any projected saving figures being quoted now!
Joined British Gas a couple of years ago as they had a really good tariff. (Via the MSE Cheaper Energy Club).
They installed brand new Gas and Electricity Smartmeters and the plug in wireless display at doubtless a considerable cost in both materials and labor.
It was an interesting facility to have, however I can't say it saved us much at all as what do you do if you have exceeded your daily target but still have a family meal to cook? Eat cold beans out of a can?
So, 15 months later and the British Gas fixed deal expires and their standard tarrif would have been £80 per MONTH more expensive so I was forced to change suppliers (to Avro energy).
Avro have been great but don't support smart-meters, so all this 15 month old "smart" technology is sitting there being used as a normal meter I have to read manually (I am happy to read them myself 4 times per year rather than pay BG £960 per year more for the convenience!.
Now I am coming to renew again, there are good tarrifs with smartmeter companies, but apparently the British Gas meters are not compatible, so they will be ripped out at less than 3 years old and will go to landfill so that new meters can replace them. Who will eventually pay for all these 2 and 3 year old meters in skips across the land? The customers!
By contrast I installed a Hive system and have seen my energy costs fall by 30%.
Overall a stupidly naive policy implemented poorly and all too hastily.
• The poor only have expenses.
• The middle class buy liabilities they think are assets.
They wont be going to landfill, old style dumb meters are only about £10-20 each and they have historically always been re-used for the last 40yrs.
All meters have a certification life span (normally now around 20yrs), any meter with more than 5yrs of that remaining is re-used..
Smart meters cost around £80-100 each so there is no way any company will be just scrapping removed ones, 2-3 weeks after removal they will have been checked over, cleaned up, and be working away in someone else's home!!!
smart meters don't save you money, you pay for what you use.
The idea is that the monitor lets you see what you are using at a particular time, and prompt you to switch off any appliance wasting energy, that's how you save money.