The Government and industry are sponsoring this initiative with a hidden agenda behind smart meters that I believe isn’t in the best interests of consumers.
This technology has been promoted as a way of ending estimated bills and giving households real-time information on how much energy they are using. However, it will also allow firms to introduce a raft of new tariffs that will hit peak time users of electricity and gas with higher charges.
These ‘time-of-use’ tariffs will reward those who use appliances at off-peak times with low rates and the apparent intention is to even out demand over a 24-hour period.
Introductory discounted tariffs are also being used as an incentive to entice consumers to switch to smart meters which cannot be adapted for other suppliers.
The move towards various tariffs raises the prospect of surge pricing during holidays such as Christmas and Easter when millions of households are using appliances simultaneously.
Industry sources believe that the energy industry will quickly move beyond a two-tier peak and off-peak system to prices that are demand driven every 30 minutes, and this is the hidden agenda behind the push for smart meters.
Users can expect the price of electricity to soar when solar and wind generated power is low.
Smaller energy providers have already launched ‘time-of-day’ tariffs where prices vary between periods of high and low demand, and charge up to 5 times more for electricity used in early evening than for overnight usage.
These time-of-day tariffs will penalise households, with higher charges likely to be applied in the mornings when people are taking showers and getting ready to go to work and vice-versa when they cook and heat their homes in the evenings.
Smart meters are not yet compulsory but suppliers must at least offer every household a smart meter by 2020. More of these tariffs are expected to flood the market as the rollout of smart meters continues.
The Government has expressed a desire to simplify the energy market, yet this hidden agenda will do the complete opposite and is yet another ‘Big Brother’ initiative designed to monitor and exert control over the masses and penalise users who will ultimately have no choice once this is implemented en masse.
We are being conned left, right and centre with online booking websites being a prime example. They are meant to save us money, yet in reality it is a monopoly that has been rigged for years.
I won’t use smart meters for the reasons I have discussed here.
What do you think about this? Have you switched to smart meters? If so, do they work for you?