scrumpyjack wrote:My view of the pros and cons:
Con:
-You can waste a lot of time looking at the bl**dy meter and it is not good for those prone to OCD.
-I used to have a mechanical meter which ran backwards when the solar panel output exceeded usage!
-Big brother is watching!
-It must be extremely expensive to install these things, given how long the guys were here faffing around, and that cost falls on the consumer eventually
Pro:
-One can get advantageous time of use tariffs, reducing bills and helping grid management.
-No meter readers needed
-Accurate bills possible
I took it up for the EV Tariff.
A good summary.
I likewise only had a smart meter installed for the EV tariff, but had I not got an EV then I would now be getting smart meters to take advantage of the 'day of use' Tracker tariff that Octopus offers that is a straightforward charging of that day's marked up wholesale rate; the more complex 'time of use' Agile tariff where the price of electricity changes every 30 minutes seems like too much hassle.
Also I am fortunate to be in one of the areas in the East of England where there is too much renewable generation at some points in time and my supplier has done a deal with the grid to give that electricity away free of charge at those times as it is apparently cheaper doing that than any of the alternatives. Of course that needs a smart meter for it to record what was used during that time, and it needs the consumer to be flexible to make changes about when they are using the electricity.
I have gone further than just looking at the in-home display, and my supplier offers an additional device that connects remotely to the meters and sends live 5 minute electricity data and 30 minute gas data via WiFi to the supplier, which can then be viewed in their app, or more usefully to me is available via an API to bring into Home Assistant. With that data it is really quite revealing to see where energy is being used, particularly, gas use in the winter, with the significant amount of gas used to warm the house from cold in the morning, but then fairly trivial amounts of gas to keep it at that temperature during the day, and that turning the thermostat down whilst you went out for a few hours during the day saved very little indeed.
As for the Big Brother aspect, if anyone did have access to my meter data then it would be damn obvious when I was away from the house for a day or more, but then there are far easier clues to that than hacking into the meter databases.