robgul
Barry Bucknell is my hero
Last week, I had a smart meter fitted. It came with a 'smart' monitor that shows me how much is being used at any one time. I have separate fridge and freezer and obviously they need to be on all the time. I wondered just how much that cost and the monitor shows me that they run at about 1p per hour. Sometimes the display shows 1p per hour for both and sometimes even 0p, I guess when they're at their optimum temperature and therefore aren't drawing any power. The (new) kettle, is about 25p per minute and the toaster a whopping 46p per minute. The oven is quite interesting in that it draws c43p when heating up but next to nothing when at temperature. I had always assumed that when switched on, things like ovens and fridges drew power constantly. And the washing machine was a pleasant surprise at about 1p per hour throughout a three hour cycle.
I still don't see how they save me money as I still need to turn these appliances on in order to use them. Hopefully they will insofar as not having to pay the wildly inaccurate guesstimates utilities companies come up with. Between end of January this year and end of July, I received two refunds totalling over £400.
Take the readings on the SMART monitor with a large pinch of salt - they are notoriously unreliable.
We had one in our previous house for a couple of years and have one at this house since June - I did get a bit concerned when we were allegedly burning gas at the rate of £35,000.00 per hour (yes, 35 thousand quid) - and the electricity side shows no consumption when a tumble drier and bread machine were running. It does tell you what time it is though!
"Saving money with Smart meters" simply isn't true - the saving is that being aware of the consumption it frightens you and you switch stuff off. The ONLY upside I can see is that the meter readings go to the supplier (our billing matches the readings I take each month) for billing.