The main function of smart meters is to send regular readings to suppliers, they seem to do this fairly successfully. It is the associated apps and displays which often show false data, it’s a case of a huge avalanche of new information which suppliers have been shown to be not very good at feeding back to customers. I have avoided smart meters so far because I don’t trust the quality of work being done by installers, I expect to convert some time in 2021 or 2022 and hope things will have calmed down by then. Latest data show about 14m smets1 and 5m Smets2 are in place, the overall target is around 55m During 2020 they will start to convert Smets1 to Smets2 standards. Britain is part of a global switch to smart metering it’s a government initiative.
@Jonnel Nice comments from you about smart meters, lets hope that they will mean cheaper offpeak prices as well as higher peak prices. I read recently one of the new suppliers, maybe yours, was already offering very cheap offpeak power on windy days and nights.
I agree it was stupid to market the scheme as saving money for users. It is all about managing peak demands and bringing in electric vehicles and electric home heating, the green agenda in other words.
And there's the rub. If providers can't even get the hardware and software right now, what chance do customers stand of having the figures right when it starts getting complicated? How are they going to measure peak and off-peak energy usage accurately when it's possible - however improbable - that a person's smart meter data can be corrupted, or timer settings can be altered remotely by someone with the know-how.