Smart Meters Will Save You Nothing, Says Confused.com

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Customers must simply cut down on how much they use.

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The Government's plans to install smart meters in all homes is a great idea but people can take a number of practical steps right now to help cut household energy bills by monitoring and reducing usage and simply changing to a cheaper tariff or provider.

With the government revealing its plan to install smart meters in all households by 2020, there seems to be a large amount of confusion as to the savings they will actually bring.

Gareth Kloet, Head of Energy Prices at Confused.com comments, "Customers will only save money if they reduce their energy consumption or opt for a cheaper energy tariff. Both smart meters and energy monitors allow customers to become more aware of how much energy they use by simply translating the KHW consumption and unit rate into pounds and pennies - this is what will encourage them to cut down. If mounted in a prominent place they could be the modern equivalent of your Dad shouting 'turn the lights off'."

"Whilst a smart meter will perform the same basic task as your normal energy meters; to accurately record the amount of energy you use, critically they will allow the energy providers to read the meter remotely and therefore send regular and most importantly accurate bills."

"And the benefits don't stop there. Once consumers know how much gas and electricity they use, they can be more confident and efficient about energy comparison and searching for a better tariff."

"The Government's plans to install smart meters in all homes is a great idea but people can take a number of practical steps right now to help cut household energy bills by monitoring and reducing usage and simply changing to a cheaper tariff or provider."

For further information please contact:
Press office, Confused.com: 02920 434 398
Gareth Kloet, Head of utilities, Confused.com: 02920 434 268 / 07966 722 063

Notes to editors:
A comparison of smart meters and energy monitors can be found on our website, by clicking on the link below: http://www.confused.com/featured-articles/household/energy/is-this-the-end-for-estimated-energy-bills-4263922286

About Confused.com:
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include car insurance, home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.

Confused.com has all of the 'big six' energy providers on its panel, customers can save £207* on their annual energy bill by switching with Confused.com.

Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.

Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.

*50% of customers who switched gas and electricity (dual fuel) with Confused.com between January and June 2009 saved on average £207.58

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Victoria Leyton
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