You may have heard the term smart meters. You may be wondering what makes them so smart. Here is some information to help you understand what smart meters are about.
What is a smart meter?
A smart meter is an electronic device that records consumption of electricity in intervals of an hour or less. It then communicates that information at least daily back to the lines distribution company for monitoring and retailer for billing.
What is the benefit of a smart meter?
Your electricity retailer only charges you for the power you've used, rather than a monthly estimate based on your historic consumption profile. Also some retailers have online tools that will allow you to track your power consumption as you use it.
The Electricity Authority has information about smart meters which you might find useful as well.