We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

♥️ I love my smart meter because........

1234568

Comments

  • Spoonie_Turtle
    Spoonie_Turtle Posts: 11,028 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
     Saved £72 on our electric bill last month as we're on Octopus Cosy. Only available as we have the smart meter. 

    I am interested in this as we reckoned we could only average 23p kWh on cosy so Tracker has been better for now with our heat pump and we don't have to avoid 4-7pm.
    We're high energy users with 6 of us in the house. 6 electric showers per day, 2 x washing machine loads, 2 x drier loads, 1 x dishwasher load then everything else. 
    Wow.  Do you mind if I ask what your annual electricity usage is?  Just for my own curiosity, as there are 4 of us and we are high users too but for different reasons.
  •  Saved £72 on our electric bill last month as we're on Octopus Cosy. Only available as we have the smart meter. 

    I am interested in this as we reckoned we could only average 23p kWh on cosy so Tracker has been better for now with our heat pump and we don't have to avoid 4-7pm.
    We're high energy users with 6 of us in the house. 6 electric showers per day, 2 x washing machine loads, 2 x drier loads, 1 x dishwasher load then everything else. 
     Dinners ready for 4 as it normally was, heat pump was switched off completely between 4 and 7 although I'm trying something else now. 
     Just checked again, it was only a £35.66 saving last month. Average price 23.66p per kWh
    Hope you don't mind me saying but you would have been better off on tracker and to boot not had to fit things in the cheaper 6 hours and avoided 4-7pm..
  • Foxy16
    Foxy16 Posts: 277 Forumite
    Part of the Furniture 100 Posts Name Dropper
    I am with Octopus and looking to get smart meters to go on tracker, my electric meter is at the top of the wall in the hallway, but my gas meter is outside approx. 12' from the electric, is this likely to cause a problem?
  • Netexporter
    Netexporter Posts: 2,688 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Foxy16 said:
    I am with Octopus and looking to get smart meters to go on tracker, my electric meter is at the top of the wall in the hallway, but my gas meter is outside approx. 12' from the electric, is this likely to cause a problem?
    Should be OK. My IHD is 10 metres and two concrete walls away from the meter and still gets a signal. So meters less than 4 metres apart shouldn't have trouble communicating.
  • t0rt0ise
    t0rt0ise Posts: 4,674 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Foxy16 said:
    I am with Octopus and looking to get smart meters to go on tracker, my electric meter is at the top of the wall in the hallway, but my gas meter is outside approx. 12' from the electric, is this likely to cause a problem?
    My meters are similarly distant from each other and fine. They are both indoors but one downstairs and one upstairs on opposite corners of the house. My gas meter does miss a few half hour readings but that is common for gas meters anyway, and on tracker they then just smooth it over the month instead. I've still saved over £500 this year with the gas and I don't think it makes much difference.
  • Netexporter
    Netexporter Posts: 2,688 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Tomorrow's You and Yours phone-in is on smart meters. Should be good for a bit of tin-foil hattery.
  • wild666
    wild666 Posts: 2,181 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I had  smart meter installed in 2015 to get free electric from BG I really hit the electric usage for the 8 hours it was free every Sunday sometimes using up to 10 kWh in the 8 hours having the electric cooker oven on as well as the electric fire. I also saved my washing and drying until a Sunday so that I got it all free. Whilst it was free I would turn on everything that used electric except the shower. 
    Now the present supplier can read the electric meter but not the gas meter so I have to give them readings every month or so. Whilst I was with BG I didn't have to send in meter readings but with my first move @I had to send in both electric and gas readings as they couldn't read the meters remotely. with my send and third move they could read the electric but not the gas but I sent in readings anyway just so they wouldn't estimate any readings. It's the same with the present supplier the gas needs a manual reading but not the electric.
    Someone please tell me what money is
  • Rolandtheroadie
    Rolandtheroadie Posts: 5,102 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 5 December 2023 at 10:55PM
     Saved £72 on our electric bill last month as we're on Octopus Cosy. Only available as we have the smart meter. 

    I am interested in this as we reckoned we could only average 23p kWh on cosy so Tracker has been better for now with our heat pump and we don't have to avoid 4-7pm.
    We're high energy users with 6 of us in the house. 6 electric showers per day, 2 x washing machine loads, 2 x drier loads, 1 x dishwasher load then everything else. 
    Wow.  Do you mind if I ask what your annual electricity usage is?  Just for my own curiosity, as there are 4 of us and we are high users too but for different reasons.
    Think we'll be close to 12000kWh per year, give or take 100kWh. Approx 5600 of that is for our ASHP
  •  Saved £72 on our electric bill last month as we're on Octopus Cosy. Only available as we have the smart meter. 

    I am interested in this as we reckoned we could only average 23p kWh on cosy so Tracker has been better for now with our heat pump and we don't have to avoid 4-7pm.
    We're high energy users with 6 of us in the house. 6 electric showers per day, 2 x washing machine loads, 2 x drier loads, 1 x dishwasher load then everything else. 
     Dinners ready for 4 as it normally was, heat pump was switched off completely between 4 and 7 although I'm trying something else now. 
     Just checked again, it was only a £35.66 saving last month. Average price 23.66p per kWh
    Hope you don't mind me saying but you would have been better off on tracker and to boot not had to fit things in the cheaper 6 hours and avoided 4-7pm..
     In the past few days, I've changed some things on how I'm running the ASHP. It's now on through the 3 hour expensive rate. I'll have a look at their tracker tariff.
  • The_Hawk
    The_Hawk Posts: 152 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    I've just done an annual review of my smart meter tariffs. I'm on Intelligent Octopus Go for electricity and Tracker for Gas.

    Compared to the Standard Variable Tariff my smart meter has allowed me to save on average:
    • Electricity 30%
    • Gas 40%
    In cash terms my savings equate to £1,200 over the last 12 months, that's a reduction of a £100 per month on my direct debit.

    Now that's smart.


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
  • 354.5K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.4K Work, Benefits & Business
  • 604.2K Mortgages, Homes & Bills
  • 178.5K Life & Family
  • 261.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.