Smart electricity meters measure and document the energy used in real time and allow the customer to conduct individual energy management.
Smart meters can measure the energy consumed and generated. The data can be passed to the grid operator, so that it is used when calculating grid usage, the feed and supply by the energy supplier.
The measurement values can also be provided through a variety of platforms, e.g. websites and smart phone apps. This gives the customer an up-to-the-minute overview of their own energy consumption and, where applicable, their generation.
However, the energy supplier can also use the consumption data to design bespoke energy products, thus contributing to the optimisation of energy consumption and energy costs.
Smart Meters make energy usage more transparent for customers, compared to today's measurement techniques.