Ofgem is set to make some major changes to smart meters that may help homeowners with their bills.
The energy watchdog will be ensuring that meters automatically send updates on energy usage every half an hour from May. The move means that suppliers will be able to bill more accurately, therefore customers won't have to make payments based on overestimates.
The Telegraph has reported that Ofgem will be granted legal powers in May allowing it to bring in changes by 2025 to make 30-minute updates the default, with an option to opt out. “This major system upgrade is a significant milestone on Britain’s path to net zero,” an Ofgem spokesman told the paper," an Ofgem spokesperson told the paper. "It will enable a more efficient, flexible and greener energy system which will save billions of pounds per year on all consumers’ energy bills."
