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Smart meter ££

sevenhills
sevenhills Posts: 5,938 Forumite
Part of the Furniture 1,000 Posts Name Dropper
Do smart meters automatically work out the daily amount in ££s?
My smart meter is now showing £3.01 for today, so far.
When people say smart meters go dumb. I originally got my smart meter with Scottish Power in August 2017, I have changed a few times and now back with them.
£3.01 does seem like quite a lot for a summer day, maybe that is normal for a house with three adults?
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Comments

  • MattMattMattUK
    MattMattMattUK Posts: 12,356 Forumite
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    Do smart meters automatically work out the daily amount in ££s?
    My smart meter is now showing £3.01 for today, so far.
    When people say smart meters go dumb. I originally got my smart meter with Scottish Power in August 2017, I have changed a few times and now back with them.
    £3.01 does seem like quite a lot for a summer day, maybe that is normal for a house with three adults?
    Do you mean your smart meter, or your IHD?

    Combination of gas and electricity? Water heating for showers?
  • Gerry1
    Gerry1 Posts: 10,853 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    If you have both gas and electricity then around £1 of that will be the standing charges.
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Do you mean your smart meter, or your IHD?

    Combination of gas and electricity? Water heating for showers?

    The IHD display is £3.01 we may have had 2/3 showers today. Google says - 40p per gas shower.
  • MattMattMattUK
    MattMattMattUK Posts: 12,356 Forumite
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    With the standing charges, 90-110p depending on your region and 120p showers the rest could very easily be made up of background usage, the majority of which will probably be your fridge/freezer. 
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    With the standing charges, 90-110p depending on your region and 120p showers the rest could very easily be made up of background usage, the majority of which will probably be your fridge/freezer. 
    I can never notice the output from my eight solar panels. But aside from that, a two minute shower for me, but other much more.
  • debitcardmayhem
    debitcardmayhem Posts: 13,441 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Also the IHD may not have the correct Tariff , mine doesn't nor the correct SC
    4.8kWp 12x400W Longhi 9.6 kWh battery Giv-hy 5.0 Inverter, WSW facing Essex . Aint no sunshine ☀️ Octopus gas fixed dec 24 @ 5.74 tracker again+ Octopus Intelligent Flux leccy

    CEC Email energyclub@moneysavingexpert.com
  • Hi,
    check IHD tariff rates, maybe not been updated with latest price changes.


  • MattMattMattUK
    MattMattMattUK Posts: 12,356 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    With the standing charges, 90-110p depending on your region and 120p showers the rest could very easily be made up of background usage, the majority of which will probably be your fridge/freezer. 
    I can never notice the output from my eight solar panels. But aside from that, a two minute shower for me, but other much more.
    Quite a lot of IHDs struggle to account for how solar panels work, they can account for a reduction in direct usage, eg. power drawn from the grid, but not for exports. 
  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Hi,
    check IHD tariff rates, maybe not been updated with latest price changes.

    I guess Scottish Power change the rates on the IHD, I have never seen such information.

  • dunstonh
    dunstonh Posts: 120,903 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Do smart meters automatically work out the daily amount in ££s?
    If you cycle the through the buttons on the meter then you can sometimes see the monetary amounts shown in addition to the unit counts and cost.

    Often its worth putting the monetary figure to one side and look at the unit count.     That is a much better way of working out your use and time of use and can be instrumental in reducing your use if you start working on ways to do that.  

    My smart meter is now showing £3.01 for today, so far.
    <snip>
    £3.01 does seem like quite a lot for a summer day, maybe that is normal for a house with three adults?
    You posted at 10.24pm.  So, that's a near end of day figure.  Mine often shows around £3 by mid morning for a house with three adults.

    . Google says - 40p per gas shower.
    Google can say a lot of things because it collates sites with good information and bad information and information without context.
     e.g. for a shower, is that a normal shower, a power shower or an electric shower.   Normal shower will have very little energy use.   A power shower will have a bit of electric use for the pump.  An electric shower can be very expensive as its not using the hot water but heating the cold water as you use it.

    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.
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