Has anyone actually saved money after installing a smart meter?

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  • AndyPK
    AndyPK Posts: 4,241 Forumite
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    Hengus wrote: »

    This is why Germany has decided to limit the roll out smart meters to electricity users who consume more than 6000kWhs/year.



    What's the logic there? Why won't high users save energy with a smart reader display ?
  • System
    System Posts: 178,094 Community Admin
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    AndyPK wrote: »
    What's the logic there? Why won't high users save energy with a smart reader display ?

    This is Germany's reported policy on the rollout of smart meters:

    Quote: Starting in 2017, large consumers with average annual consumption in excess of 10,000 kWh will be required to install smart meters. This threshold will be lowered to 6,000 kWh in 2020, which applies to approximately 15% of electricity consumers. With over 50 million metering endpoints nationwide, this will result in the installation of around 7.5 million smart meters across Germany. The majority of German households will remain unaffected, given average consumption hovers around 3,500 kWh. The grace period between 2017 and 2020 will allow grid operators and third parties to learn from early adopters and mitigate any issues realised during the initial large consumer rollout. Unquote

    https://www.metering.com/magazine-article/germany-moving-ahead-smart-meter-rollout-plans/

    The logic behind this decision is that average users have little potential to save any energy so the cost of providing them with a smart meter isn't justified.

    So what are the other EU countries doing:

    1. Electricity: In seven countries (Belgium, Czech Republic, Germany, Latvia, Lithuania, Portugal and Slovakia), the CBAs for large-scale rollout by 2020 were negative or inconclusive. In the cases of Germany, Latvia and Slovakia, smart metering is proceeding for particular groups of customers, with 23% penetration projected for each by 2020.

    2, Gas: In 12 countries (Belgium, the Czech Republic, Denmark, Finland, Germany, Greece, Latvia, Portugal, Romania, Slovakia, Spain and Sweden), the results of the CBA were negative.
  • badmemory
    badmemory Posts: 7,793 Forumite
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    An actual meter is never going to save anybody anything. Well apart from the part of the suppliers bill for meter reading & then you have to insert any tech costs. It doesn't matter how all singing all dancing a meter is the only thing that will save you money is by reducing your usage. Even if they use these meters to bring in even more timing than an Economy 7 uses, it still won't save you money unless you adjust your behaviour/usage to match their timings. Little things like not brewing up between 8 & 9 am or 4 & 6 pm.
  • NineDeuce
    NineDeuce Posts: 997 Forumite
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    gsmlnx wrote: »
    I would like to see your maths on this.
    The company running the Smart Meter data reading program for the financial year 2017 billed all UK consumers for £350m. https://www.smartdcc.co.uk/media/433052/dcc_annual_report_and_regulatory_accounts_31_march_2017.pdf
    And only 300 odd meters are actually officially live (you know the ones that can be switched between any supplier) so where they spent that £350 MILLION I would love to know. Just in that single year.
    You could employ a lot of meter readers for that money and let's not forget this cost will only ever increase as more meters are installed.

    Because a meter reader will earn around £20k a year and require transport. Plus a fair percentage to a majority of homes that he/she goes to will be wasted due to inaccessible meters.

    If you dont know where the £350m went, then dont include it as a comparative point. It just sounds like you lazily picked a website with a big figure without knowing what you are actually talking about.
  • [Deleted User]
    [Deleted User] Posts: 1,655 Forumite
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    The website is the DCC's own website and the report is their published Annual Accounts as required by law.
    They haven't said where the money has gone, so I cannot account for it. They have published the legal bare minimum of information.
    So nothing lazy at all. Indeed I'm one of the few to post the official figures and give the source (direct from the horse's mouth).
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