Smart electric meters are electronic devices that can monitor and record how much electricity is used in a customer's home. Across the country, electrical boards have begun replacing antiquated analog meters with new, high-tech digital smart meter equivalents. This saves money for homes by lowering their electricity consumption. Another reason for their appeal is that these meters are easy to use. The following are some of the benefits that smart meters provide to consumers.
1. Consumers can be informed remotely or locally
2. Allowing the consumer to reduce costs by increasing consumption during off-peak cheaper tariff periods
3. Multi tariff options can also be added
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