![]() It is also worth remembering that we are at the starting point and in the short to medium term there will be more ways we can assess our energy usage and control it using the smart metering system and apps on our smartphones. The information flow between the grid operator and suppliers will make the system better and us better informed. We are all going to have smart meters eventually so you may as well have one installed sooner rather than later. So the roll-out of a million meters has been a waste of time?Ībsolutely not. The absence of real incentives to make the switch is another issue, while confusion as to what the different tariffs are is another stumbling block. Another issue is an understandable lack of understanding as to how smart meters work. That is why hundreds of thousands of people have never switched energy providers despite the savings that have been on the table for more than a decade. People are slow to make changes, for starters. Is there any reason so few people have signed up to smart tariffs? Another reason given was GDPR and a requirement to opt into any scheme that processes your personal data at this level. Why weren’t all the people who had smart meters installed automatically put on to smart meter tariffs?īecause there are different smart meter tariffs offered by companies so consumers have to make choices. According to the Commission for the Regulation of Utilities less than 5 per cent of people with smart meters have moved on to a smart meter tariff. In fact the vast, vast majority of people who have smart meters installed are effectively using them as if they were the meters of times past in the sense that they are not availing of any smart tariffs offered by their suppliers. That means that someone who switches to a smart meter tariff but continues to use the vast majority of their energy between 8am and 11pm will end up spending more than someone who sticks with a standard tariff but if they move much of their energy usage to the night time - particularly in the two hours between 2am and 4am, they will make substantial savings.Īnd once I have a smart meter installed everything else falls into place. The standard unit rate on offer with the company, is 39.6 cent per kWh. The night rate from 11pm until 8am is 20.9 cent per kWh with a boosted rate of 12.25 cent per kWh between 2am and 4am. Well, one smart tariff from Electric Ireland, for example, has a rate of 42.3 cent per kilowatt hour (kWh) between 8am and 11pm. If you were on such a package then you could possibly save money by cramming all your usage of energy-intensive appliances such as your tumble dryer or washing machine into the one free day and then not use them at all on the other six days of the week. They may, however, offer other money-saving incentives such as completely free electricity on one day over the weekend. For starters, many companies charge a higher standard unit rate to smart-meter customers than the discounted rates on offer to people with standard meters. ![]() My apologies for the length of my question.But I will still save money with a smart meter?Īgain, no, or at least not necessarily. Isn't this duplication? aren't the owners paying twice? How should this be handled so that owners aren't paying twice? thank you for your help. ![]() All of the electric bills were paid by the owners through the association and then they are charging the owners to "pay back" the association. Why is it that the homeowners association collectively pay all the bills for common area electric for the whole property as well as the electric bill for two buildings that are sub metered as well as paying the developer for monthly lease rent of the system and the solar operator monthly, and then the association management company bills the homeowners for their unit's portion. The solar company gives the reading to the management company who bills owners their electric charges along with their monthly maintenance fees. How does this work? If the association gets a monthly bill from the electric company, the developer for the lease of the system and the solar company operator, the owners are paying for all of this upfront. A solar company operates it and tells the association management company how much to bill the owners for their electricity monthly. there is electric from the local utility company, there is pv solar panels on building roofs and a back up battery, and the developer owns the pv system. I'm researching the billing aspect of sub metering in a condo building where all of the units are individually owned. ![]()
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