UK energy suppliers, including British Gas, EDF, EON, Ovo, and Octopus, are advising customers without smart meters to take action that could save them significant amounts on their energy bills. A simple call to these providers may help consumers cut their bills by an average of £176.
Financial Benefits of Smart Meters
Smart meters are free to install and can lead to savings of nearly £200. Data from Smart Energy GB shows that consumers could see substantial reductions in their energy costs by making this switch. Currently, around one third of households in the UK have adopted smart meters.
Understanding the Impact
Survey results indicate that 57% of users believe smart meters have improved their financial situation. Additionally, 39% of users report feeling more in control of their energy expenses as a result of having smart meters installed.
- Average savings of £176 reported by users.
- 35 million smart meters installed across the UK.
- Expected completion of the installation roll-out by the end of 2025.
Incentives and Support
Smart meters also enable customers to benefit from energy reward schemes. These schemes encourage users to consume energy during off-peak times, further reducing costs. Danni Barnes, Director of Development and Partnerships at National Energy Action, emphasizes the importance of tracking energy usage accurately. She advises customers struggling with bills to reach out for support.
Future of Smart Meters in the UK
As part of a broader initiative, the Labour Party aims to offer smart meters to all households in England, Scotland, and Wales without upfront costs in the coming years. Most energy suppliers are currently working to expand installations nationwide. However, the speed of installations will vary depending on regional availability.
Consumers who have yet to install smart meters are encouraged to contact their energy supplier to explore options for savings and enhanced control over their energy consumption.
