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Chronicle Live
Business
Levi Winchester & Daniel Hall

Do smart meters really save you money and do you need one?

With chancellor Jeremy Hunt confirming that the Energy Price Guarantee will rise from £2,500 to £3,000 for a typical household from April, most of us are once again looking at ways to slash our bills.

And it's important to bear in mind that £3,000 is not a cap on your energy bill, it is instead unit rates and standing charges that are capped. £3,000 is illustrative of a household with typical energy use.

One thing you could consider is getting a smart meter to have a better idea of how much energy you're using - and crucially, how much it is costing you. These little devices record real-time information about households' gas and electricity use and then report back to energy providers.

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