These cost savings could potentially be passed onto consumers in the form of cheaper energy tariffs or help to mitigate the rise in energy costs.Ī smart grid could also enable consumers to sell back surplus energy produced by micro generation in their own homes-further incentivising and rewarding consumers who embrace renewable technology. This will enable energy suppliers to manage demand in a more flexible and sophisticated manner reducing the costs of energy production and investment in standby generation. The introduction of new tariff plans and detailed real-time information about consumption is expected to incentivise consumers to shift part of their consumption to off-peak periods. Smart meters will make it easier for consumers to change tariffs and switch between suppliers through efficiency improvements in supplier data and systems, and by giving consumers the opportunity to share their data with 3rd party price comparison companies who can help them find the best tariffs.Ī UK wide of network of smart meters also has the potential to accelerate the modernisation of energy generation and help pave the way to a dynamic “Smart Grid”. Consumers will be able to access their data whenever, wherever they want, making it easier to change consumption behaviour and make better informed decisions about their choice of tariffs or suppliers. We predict this shift from physical billing to online billing will mirror the shift from physical to online banking. Smart meters will work with remote credit top-up facilities so consumers will no longer need to visit a shop or other physical payment points to “re-charge” their meters.Ĭonsumers will be able to access their energy usage data and billing data via the internet and on smart phones and other mobile devices.
Energy retailers will be able to offer new and more flexible ways of topping up the meter. This would support the growth of “pay-as-you-go” payment giving consumers even greater control over their consumption and predictability about their energy spend. Smart meters can be remotely reconfigured as either a pre-payment or a post payment meter allowing customers to easily change tariffs and try different payment methods. This will make it easier to predict, plan and budget for future energy bills. More importantly consumers will have real time visibility of how much money they are spending on their energy consumption.
SMART UTILITY METER PROGRAM MANUAL
Smart meters provide real time information to generate accurate billing of energy consumption, ending the practice of estimated bills and manual readings. Smart meters will empower consumers by providing them with feedback on their electricity or gas energy usage helping them to monitor, manage-and should they wish-reduce their energy consumption. Here are some of the benefits of smart meters: RF mesh technology will also be used to provide connections in hard to reach rural areas. The technology solution – which was selected by DECC – is based on Telefónica UK’s existing cellular network. Telefónica UK will provide the communications infrastructure to connect smart meters in the central and southern regions of Great Britain.
It is estimated that a smart meter enabled industry could also save 2 billion tonnes of CO2 a year in 2020*.ĥ3 million smart meters will be installed across the UK by 2020.
SMART UTILITY METER PROGRAM INSTALL
Telefónica has been selected by the UK Department of Energy and Climate Change (DECC) as a Communications Service Provider in a nationwide programme to install smart gas and electricity meters in every home and small business by 2020.Ī national network of smart meters will transform the energy market in the UK and is expected to deliver a net benefit to the UK of £6.7 billion through reduced energy consumption and more efficient management and deployment of energy across the country. Outstanding Debentures&Bonds of Telefónica S.A.Communications prior to 8 February 2020.
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