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*iSelect does not compare all providers or plans in the market. Not all plans or special offers are available at all times, through all channels or in all areas. Not all plans made available from our providers are compared by us and due to commercial arrangements and availability, not all plans compared by us are available to all customers. Learn more.
 

What are the benefits of using a smart meter?

Smart meters come with several benefits, such as directly notifying your provider if your power is out. Some smart meters even have systems which allow you to set up alerts for ‘excessive power consumption’1 – which is useful if you’re sticking to a budget. They also give you more detailed data through apps or web portals about your energy use. This way you can start making more informed choices about what times of day to cut back on your electricity use, and which appliances may be making a dent in your bill.

There’s also no chance of human error when it comes to billing. So you don’t have to worry about estimates being incorrect. As the smart meters roll out into every state, some providers have been able to implement some flexible pricing plans based around the extra information that smart meters give out. It’s expected that electricity companies will be able to provide even more competitive pricing and deals on electricity, but only when they’re in full use across your state.
Benefits of using smart meter
Another factor with traditional meters is that although some of us receive our bills monthly or quarterly, power companies are only required to read a meter every six months2. This could mean that with a traditional meter, anywhere between 2 – 8 of your power bills could be estimates per year depending on your billing cycle and provider. A smart meter completely takes away the need to estimate bills. How? Because the supplier gets your information instantly, every 15 or 30 minutes.

Sources:

  1. https://www.victorianenergysaver.vic.gov.au/get-help-with-your-bills/smart-meters-and-how-they-work
  2. www.energyombudsman.tas.gov.au/making_a_complaint/frequently_asked_questions
*iSelect does not compare all energy providers or plans in the market. The availability of plans may change from time to time. Not all plans made available from iSelect providers are compared by iSelect and due to commercial arrangements or availability, not all products compared by iSelect are available to all customers. Some plans and special offers are available only from iSelect’s contact centre or website. Energy plans are available only for properties located in eligible areas of Victoria, New South Wales, South East Queensland, South Australia and ACT. Click here to view iSelect’s range of providers.
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