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- Joined
- 30 Nov 2003
- Posts
- 2,499
- SMART meters only show you what you use and the cost. They were never a money saving device, its down to you to change your usage if you feel you are using too much/ spending too much
It really annoys me listening to the current range of radio commercials enticing the public to sign to a smart meter by claiming the amount of energy /money customers are going to save by having one. When in fact the cost of installing them is ultimately going to be passed onto the customers via higher bills.
I still have my eon energy monitor (sensor clipped onto rising main) but despite the initial novelty value I unplugged it it as its really down to common sense once you understand how many watts a device uses. also you have to plug the energy monitor in...which uses electricity!
Side note re smaller suppliers as well.
The big six have to buy energy 12 months in advance due to ******** regulation which means they need to forecast future prices and usage without getting it horrendously wrong which often means higher prices to the consumer whereas smaller companies, under a certain customer base, can buy on "day prices" so they can react to cheap prices and buy on the spot. This can mean cheaper prices when times are good with smaller suppliers but when wholesale prices rocket the smaller companies bleed hard as they cant absorb the price increase as much as the larger companies this has been seen with some of the smaller companies folding.
Thanks that''s interesting information. Using Outfox as an example of a smaller supplier fairly new to the market, they currently purchase wholesale from wind farm energy producer Orsted. Would you say wind energy is less susceptible to market changes as gas/ coal?
. We've since changed energy suppliers so it would have been useless anyhow by the sounds of it.