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Smart Meters - good idea or not?
Comments
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Why wouldn’t you want one? There are some issues but most do what it says on the tin. If you want to make use of cheaper time-of-use tariffs you need to have a smart meter.2
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Usually, yes. In general, and I mean apart from some very infrequent issues, they work very well.
One big concern though, is you say British Gas. Are you on Economy 7?0 -
A working smart meter means you no longer have to provide readings and won't get any estimated bills.
They don't save you money, but the In-house Display may make you more aware of when you are using a lot of electricity (not so informative with gas).
The more recent ones retain their "smartness" when you switch supplier - if ever that becomes commonplace again!I’m a Forum Ambassador and I support the Forum Team on the In My Home MoneySaving, Energy and Techie Stuff boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.
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Yes I am and that was the reason they said it would be needed.[Deleted User] said:Usually, yes. In general, and I mean apart from some very infrequent issues, they work very well.
One big concern though, is you say British Gas. Are you on Economy 7?0 -
BG have a problem with economy 7 on smart meters. I would decline if that is the case with you. Otherwise there is nothing to fear and they can be useful.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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Are they still having this problem and if so and the lady tells me that everything is sorted with the issue, is she not telling the truth?dunstonh said:BG have a problem with economy 7 on smart meters. I would decline if that is the case with you. Otherwise there is nothing to fear and they can be useful.
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I’m almost certain that it’s still a massive problem and you would end up on a single rate tariff the moment your new meter was installed.sarar said:
Are they still having this problem and if so and the lady tells me that everything is sorted with the issue, is she not telling the truth?dunstonh said:BG have a problem with economy 7 on smart meters. I would decline if that is the case with you. Otherwise there is nothing to fear and they can be useful.
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Hi Sparky, They just called my mum back and said that they had ironed out the problems with Economy 7 and that is why they are offering it, but we declined her offer for the time being until i hear more reviews.[Deleted User] said:
I’m almost certain that it’s still a massive problem and you would end up on a single rate tariff the moment your new meter was installed.sarar said:
Are they still having this problem and if so and the lady tells me that everything is sorted with the issue, is she not telling the truth?dunstonh said:BG have a problem with economy 7 on smart meters. I would decline if that is the case with you. Otherwise there is nothing to fear and they can be useful.1 -
I am sure you have done the right thing.
Some very recent posts on here have highlighted issues with BG Eco7 smart meter installations, where customers have ended up with a single rate tariff and have lost the Eco 7 off peak rate.
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Thank you everyone for all your quick replies and great advice.0
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