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Smart Meters

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Smart Meters

Old 16th Feb 2018, 11:40
  #1 (permalink)  
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Smart Meters

I believe the pros and cons of the above were discussed here several months ago.

I am being offered one (on what is claimed to be an unbeatable deal!!). I can see advantages and disadvantages.

What was the consensus of opinion of the wise folk here?

Thanks!
Davidsa is offline  
Old 16th Feb 2018, 11:54
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The consensus was that the customer gains very little and the supplier gains quite a lot, including the future possibility of cutting off the supply remotely.
And of course ultimately they're not free - someone is paying for them...
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Old 16th Feb 2018, 11:58
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The consumer is paying for them. There is already a levy on all bills to cover the rollout programme.
This from Money Supermarket.

" The price of the meter is absorbed into your energy bills, at a very low rate. At present, your supplier will be adding around £6 per year to cover the roll out across the UK – hardly noticeable. But each meter will cost the public around £200 each on average."
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Old 16th Feb 2018, 12:03
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Originally Posted by Davidsa View Post
I am being offered one (on what is claimed to be an unbeatable deal!!).
Is it a 'SMETS 1' type meter?

If it is, walk away.......
Andy_S is offline  
Old 16th Feb 2018, 12:12
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Originally Posted by Davidsa View Post
I can see advantages and disadvantages.
From the letter I've got:

Disadvantage: having to take time off work to wait for an operative who probably won't turn up.

Advantage: nil.

Guess whether I have responded to the letter.
Gertrude the Wombat is offline  
Old 16th Feb 2018, 12:16
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Avoid. If you try to change supplier, all the 'smart' features vanish. An astonishingly ill managed programme.
ELondonPax is offline  
Old 16th Feb 2018, 12:34
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The plan is to have a "smart grid". At times of peak consumption the powers that be will be able to "turn down" "smart" appliances to balance the load.
yotty is offline  
Old 16th Feb 2018, 12:35
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Originally Posted by ELondonPax View Post
Avoid. If you try to change supplier, all the 'smart' features vanish.
If it's SMETS-1.........

The next generation of Smart Meters, SMETS-2 should be compatible with all suppliers.
Andy_S is offline  
Old 16th Feb 2018, 13:25
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I have two meters - one for electricity and one for gas.

They cost nothing and came with the house when it was built.

Why should I want another?
dook is offline  
Old 16th Feb 2018, 13:33
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My understanding is that the real long term aim is to have dynamic pricing. This would mean that the supplier can decide how much to charge you in real time.
Not sure what safeguards will be introduced to combat any excesses but the words "sinister" and "can of worms" come to mind.
mikemmb is offline  
Old 16th Feb 2018, 14:25
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mikemmb, that's always been my concern, THEY can decide when YOUR peak period is and adjust your bill accordingly. A scam to make more money.
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Old 16th Feb 2018, 14:36
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The plan is to have a "smart grid". At times of peak consumption the powers that be will be able to "turn down" "smart" appliances to balance the load.
So during say the cup final and when you get up to make a cup of tea when the adverts are on, they will turn everyones telly's off?

Smart grid is simply trying to fix a overloaded system brought about because individual companies deemed it "cheaper" to simply demolish viable coal powered power stations with lots of useful life left in them, rather than spend on them and convert them to gas to meet the stricter emission laws..
NutLoose is offline  
Old 16th Feb 2018, 14:39
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They are insecure and only benefit the supplier, not the customer.
All this "keep gas and leccy under control" is rubbish aimed at people too stupid to realise that if an appliance heats stuff it'll cost a lot, the wattage is written on all of them and one unit is one thousand watts for an hour. Rest is basic maths, no need for apps etc.
If you have a lot of spotlights probably worth changing them to LED. Use anything that heats stuff as little as possible. Simple.
andytug is offline  
Old 16th Feb 2018, 14:52
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Originally Posted by mikemmb View Post
My understanding is that the real long term aim is to have dynamic pricing. This would mean that the supplier can decide how much to charge you in real time.
Not sure what safeguards will be introduced to combat any excesses but the words "sinister" and "can of worms" come to mind.
The energy suppliers are paying for the energy they sell you priced by half hourly auctions. So this sounds like a de-risking exercise.
Gertrude the Wombat is offline  
Old 16th Feb 2018, 14:54
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Originally Posted by NutLoose View Post
Smart grid is simply trying to fix a overloaded system brought about because individual companies deemed it "cheaper" to simply demolish viable coal powered power stations with lots of useful life left in them, rather than spend on them and convert them to gas to meet the stricter emission laws..
Or, because they're waiting for battery tech to get a bit cheaper before converting to entirely renewables and storage.
Gertrude the Wombat is offline  
Old 16th Feb 2018, 15:41
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Had a number of letters from Eon telling me my meter is old and needs replacing. The meter is less than 5 years old but the wording makes it defensible ie old technology. So it is written to mislead. Then had a cold call telephone call from them saying the same thing with pressure. Expressed surprise when declined and argued. They won't phone again in a hurry. I read the sales people are on a £50k earner by commission. From what I have read, the logic and cost effectiveness of this exercise is under scrutiny.

For the avoidance of doubt the answer is NO unless you don't understand the concept of energy and unit pricing.
Mr Optimistic is offline  
Old 16th Feb 2018, 15:45
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Originally Posted by Gertrude the Wombat View Post
The energy suppliers are paying for the energy they sell you priced by half hourly auctions. So this sounds like a de-risking exercise.
Mmm.............bet the Marketing guys will really have to scratch their heads to sell that as a Customer Enhancement.

But they undoubtably will.
mikemmb is offline  
Old 16th Feb 2018, 19:40
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Originally Posted by Gertrude the Wombat View Post
The energy suppliers are paying for the energy they sell you priced by half hourly auctions. So this sounds like a de-risking exercise.
Exactly.

The suppliers at the moment have to guess the mean half-hourly wholesale rate in advance when setting tariffs.

What the suppliers want to be able to do, and the reason they are spending vast amounts of money on advertising, is to pass the wholesale price fluctuations on to the consumer with variable tariffs.

Some may think this is reasonable, but it raises some major problems. You won't be able to compare suppliers easily once they introduce dynamic pricing, as the tariff each charges will vary all the time.

Is this in the customer's interest? I honestly doubt it. It will inevitably lead to very confusing pricing structures, and confusing pricing structures tends to lead to consumers being ripped off, in my experience.
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Old 16th Feb 2018, 19:49
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VP959... just as I wrote earlier, everyone on their own tariff with own peak period, which they can read from the meter. A rip off.
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Old 16th Feb 2018, 21:32
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I had a call a couple of days ago and was told a smart meter will be compulsory in two years. No idea if thatís true but I told them to call me in two years.
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