Good to see that the use of smart meters is having the intended effect of empowering people to make more informed choices over their energy consumption. It is worrying however at the rate of deployment of smart meters and the target of every house having one installed by 2020 looks ambitious.
Hopefully the roll out of smart meters will have a significant cumulative effect of the population reducing their energy consumption. The adoption of smart meters will be followed by time of use tariffs. This should boost the use of residential energy storage systems to increase self consumption of PV power and avoid having to import electricity from the grid during peak times. We should also see increased adoption of energy storage systems on properties without PV so that people can charge their batteries at cheap low demand times and use it later on to avoid buying electricity at peak times.
The roll-out of smart energy meters is making consumers more likely to be aware of their energy consumption and take steps to reduce it, a new report has found. Smart Energy GB’s ‘Smart Energy Outlook’ report, published today, found that the vast majority (84%) of consumers who had received a smart meter from their utility considered themselves to have a better idea of their energy costs, while 69% thought they were in more control of their energy use. This has translated into households being more likely to look to reduce their energy use, particularly through the purchase of more efficient appliances and energy efficiency technologies