February 2014
Featured in this insight: Electricity, Financial services, Gas, IT & telecommunications
Utility survey finds a third of smart meter customers saving up to £75 a year: More than half of households using smart meters, which will be in every home in the UK by 2020, are saving money on their energy bills, according to the latest survey commissioned by British Gas.
Findings show that, among the 1,498 respondents polled; nine in ten are taking steps to keep costs down – such as turning off appliances when they are not in use – because of the ease of “seeing their energy as they use it”.
Such changes in behaviour have led to half (54%) saving money off their energy bills, with two thirds (64%) of those identifying savings of up to £75 per year. Most of the remaining people who had saved, 25%, could not put an exact figure on the savings, while a small proportion saved more – 4% saved £75 to £100 and 7% saved over £100.
More than three quarters (79%) of those who use their smart energy monitor said having a smart meter has made them more aware of their energy consumption.
Stuart Rolland, managing director of British Gas smart metering, said:
"The results show that by seeing how energy is used through the home, you can make small changes that save you money. Whether it's discovering how energy efficient the fridge is, or the cost of using the tumble dryer, we're excited that the smart meter roll-out will make it easy for consumers to improve their energy efficiency".
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