Your smart meter can help you save money

Smart meters are a special type of electricity meter. They are new and are sometimes called interval meters.

They are different to other meters because they:

  • record how much electricity a house or business is using at regular times during a day, and 
  • send the readings directly to your energy distributor electronically.

This means no one has to come to your place to:

  • read your electricity meter, and
  • work out how much electricity you used when you change energy retailers or move house.

Smart meters can let you quickly know a lot about:

  • how much electricity you use, and
  • when you use electricity.

Smart meters give you more choice of electricity plans

Smart meters let you choose a:

If you don’t have a smart meter, you can only use single rate plans.

A time of use tariff means that electricity costs different prices at different times of the day.

  • Peak—electricity costs the most. Peak rates usually apply in the evening on Monday to Friday. 
  • Off-peak—electricity is cheapest. Off-peak rates usually apply overnight and on Saturday and Sunday.
  • Shoulder—electricity costs a bit less than peak. Shoulder rates usually apply in between peak and off-peak periods.

A time of use tariff plan could be a good choice if:

  • You are out a lot in the evenings Monday to Friday. 
  • You are at home during the day or on weekends. 
  • You can use your appliances on the weekend, like your washing machine or dishwasher.

Tools that come with smart meters

Also, smart meters may come with tools to help you see how much electricity you’re using. For example:

  • in-home display units, and 
  • web portals.

With an in-home display unit, you don’t have to wait for your bill to know how much energy you’re using. It shows you:

  • how much electricity you are using right now, and
  • how much your electricity right now will cost per hour.

A web portal is a website. It shows you how much electricity you use in a:

  • day
  • week
  • month, and
  • year.

Contact your energy distributor for more information.

You can find your distributor’s number on your bill, usually under the ‘Faults and Emergencies’ section—see our interactive electricity and gas bills for help finding this.

Last updated on Thursday, October 25, 2018 - 14:41