More than 24 million smart meters are already in homes and businesses across the UK, replacing the traditional meters, including pre-pay key meters, by measuring how much gas and electricity you’re using, as well as what it’s costing you. But it's hard to know for sure whether smart meters do actually save you money, or simply increase you're stress levels.
It turns out the smart meter may actually be an important tool for measuring your energy usage as April sees the energy price cap, set by regulator Ofgem, go up by a whopping 54% if not more for some. The energy price cap, which limits the rates a supplier can charge for each unit of gas and electricity you use, jumped by £693 from £1,277 to £1,971 this month.
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