Smart Meter - any reason not to?

MallyGirl
MallyGirl Posts: 7,169 Senior Ambassador
Part of the Furniture 1,000 Posts Photogenic Name Dropper
Apologies if this has been answered - I wasn't sure what to search for that didn't bring back lots of posts.
I have been on a 2 year fix with Sainsbury's Energy (EOn with a wrapper) for a year. In theory it has always been a smart meter tariff. They are now offering me the option to book an appointment to get smart meters fitted. I know there were issues with early rollouts - is there a reason to not do it these days?
I track usage by reading the meters monthly and I have an Owl monitor which gives electricity usage in the house but this doesn't show gas or outbuildings and my home office is down the garden.
I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards 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.
«13

Comments

  • FreeBear
    FreeBear Posts: 17,972 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    No reason not to have a smart meter for both gas and electricity. You will be able to monitor your consumption for both much more closely, and have the option to download usage graphs (via the Bright app ?).
    Granularity of the data won't be as good as your Owl monitor (gas readings are only updated every 30 mins). But it should be good enough to get a reasonable picture of peak consumption.
    Her courage will change the world.

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    I had smart meters installed in March, and I do recommend it.  I find I actually don't use the IHD much at all, being able to download the meter data to my PC is more useful to me, or the Bright app for a casual look.  Not having to manually read the meters for billing is nice.
  • diystarter7
    diystarter7 Posts: 5,202 Forumite
    1,000 Posts First Anniversary Name Dropper
    I asked a few months back about SM's. The overwhelming consensus was 'avoid at all costs.'

    I was worried about being penalised for using fuel during peak periods via higher rates between certain hours EG, 6am and 10 am and then 4 to 7pm etc. I can see it happening so a no thanks from me.

  • GingerTim
    GingerTim Posts: 2,532 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I asked a few months back about SM's. The overwhelming consensus was 'avoid at all costs.'

    I was worried about being penalised for using fuel during peak periods via higher rates between certain hours EG, 6am and 10 am and then 4 to 7pm etc. I can see it happening so a no thanks from me.

    The other way of looking at it is that smart-metered users will be able to access cheaper rates not available to non-smart metered users. As the proposed trial for paying users to shift their use outside of peak hours indicates is coming very soon.
  • DE_612183
    DE_612183 Posts: 3,484 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Smart meters with IHDs are good - monthly billing is accurate as well so all good.

    Not sure what @Deleted_User means by "giving control" - the smart meter only collects and sends data - I'm not sure how it would give any control to anyone.

    If you are software engineer and you don't trust any software, I think you're in the wrong job.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I've worked in software for several decades and whilst there can be vulnerabilities in software, a smart meter doesn't give access to anything except your meter reading.
    The only reason not to have one is it you cannot stand the disruption of being without power for a short period during the working day (I worked from a mobile hotspot for a short period).
  • Raxiel
    Raxiel Posts: 1,403 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    @Deleted_User I assume you don't have a bank account for the same reason?

    I asked a few months back about SM's. The overwhelming consensus was 'avoid at all costs.'

    I was worried about being penalised for using fuel during peak periods via higher rates between certain hours EG, 6am and 10 am and then 4 to 7pm etc. I can see it happening so a no thanks from me.


    You don't need a smart meter or a ToU tariff to be penalised for using peak rate electricity, you'll just get eye watering rates all day long. ToU will be a way for those who can shift their usage outside the peaks to make a saving.
    3.6 kW PV in the Midlands - 9x Sharp 400W black panels - 6x facing SE and 3x facing SW, Solaredge Optimisers and Inverter. 400W Derril Water (one day). Octopus Flux
  • But if you're happy to hand over control to others (with Nest/Hive, Alexa, cloud based software etc) then probably no good reason not to accept a smart meter.

    There is a slight flaw in the above analogy. Unlike the UK smart meter system, Nest; Hive; Alexa et al do not have GCHQ- approved layer security.

    Only an idiot would go so far as to suggest that smart meters cannot be hacked; however, one has to ask 'what would hackers gain by doing so'? The simultaneous mass disconnection of a large number of smart meters in a given location which could disrupt/damage the Grid is the main concern that GCHQ has addressed by adopting a system of layered security. If it comes to someone wanting to know my energy usage, it would probably be easier to hack a supplier's billing computer than a smart meter.

    https://www.ncsc.gov.uk/information/the-smart-security-behind-the-gb-smart-metering-system

    @Deleted_User is of course entitled to his opinion. 


  • Alnat1
    Alnat1 Posts: 3,779 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Smart meters are great if you are interested in TOU tariffs. Even if not, they save the hassle of having to read the meter each month.

    I have solar/batteries and access to these tariffs allows me to fill up my batteries on cheaper overnight electricity, to use during the following day when there's not much sun around. I also exported my excess generation via a TOU tariff over summertime and was paid a better rate for the energy I sent back during the 4-7pm peak.

    On another post here @Deleted_User says they won't pay by DD as they don't like giving energy companies access to their bank account and they also mention they only have a landline and no mobile phone. I'll let you make your own call on whether to take advice from them.
    Barnsley, South Yorkshire
    Solar PV 5.25kWp SW facing (14 x 375) Lux 3.6kw hybrid inverter installed Mar 22 and 9.6kw Pylontech battery 
    Daikin 8kW ASHP installed Jan 25
    Octopus Cosy/Fixed Outgoing 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.1K Banking & Borrowing
  • 252.8K Reduce Debt & Boost Income
  • 453.1K Spending & Discounts
  • 243.1K Work, Benefits & Business
  • 597.4K Mortgages, Homes & Bills
  • 176.5K Life & Family
  • 256K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.