Smart meters are the new range of gas and electricity meters which the government wants installed in all households and businesses in Britain by 2020.
Through a display in your home, they give you almost immediate information on your energy use easily explained in pounds and pence. This means you can better manage what you are using and when, which could help you to save money and reduce emissions.
Smart meters will also bring an end to estimated billing. They can communicate directly with your energy supplier in near real-time. So you won't need to wait for someone to come and read your meter, and your bills will only be based on what you've used.
We want to make sure innovation helps consumers. So we're supporting the transition to smart meters as one of number of activities in our Smarter Markets Programme.