The U.K. government has released a £ 11.7 billion implementation plan to install 53 million smart meters for gas and electricity use in every home between 2014 and 2020. The benefits of the smart meters are estimated to be £ 18.7 billion. For the consumer it will mean
- No need for a meter reader
- Time-of-use tariffs
- Switching suppliers will be quicker and easier
- Switching payment methods will be easier
- Clearer information, allowing customers to compare tariffs
- Easier for utilties to offer personlized energy efficiency advice
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