Smart meters are up to date two-way, digital communication systems that record electricity usage every 30 minutes and automatically send this data to a your electricity distributor.
If you live in Victoria, you could benefit from new electricity plans designed for smart meters. See EnergyAustralia’s flexible pricing option
Older style time-of-use tariffs have been around for some time and customers who already have time-of-rates (for example, off-peak rates for weekends) will continue to receive these rates.
As smart meters record your electricity use in half hourly blocks, you will have access to more up-to-date information about the energy you use.
You could also benefit from new products designed for smart meters depending on your lifestyle. In Victoria, from 1 July 2013, EnergyAustralia will be introducing an optional new way of charging for your electricity use, called flexible pricing.
If you regularly use electricity in non-peak times, or are willing to change your energy usage behaviour to non-peak periods, we have electricity plans to suit your needs and lifestyle. These new tariffs will mean you pay different rates, depending on the time of day and day of week that you use your energy. You will typically pay higher rates for the energy you use at peak times, but lower rates for energy used in shoulder and off-peak times. This new way of charging encourages people to change their electricity use to lower cost times, highlighting the potential to save on electricity costs.
A smart meter measures and records electricity use at different times of the day. A smart meter records electricity use every half hour and gives you more information on the use of electricity in your home which allows you to find ways to control your bills. Distributors are rolling out smart meters to all Victorian households and small businesses and aim to be finished by the end of 2013. You will be advised directly by your electricity distributor when smart meters are installed in your area.
The smart metering system makes use of low power radio (RF) transmitters to communicate meter readings in the range of 900MHz, 2.3GHz or 2.4GHz. These communications frequencies are within Australian guidelines and are governed by the Australian Communications and Media Authority.
There are a number of different types and models, but most smart meters are a similar size to the old electricity meters, but with digital displays and no dial
Victorian Government policy on smart meters
Visit the Department of Economic Development, Jobs, Transport and Resources - Smartmeters or call 136 186.
The smart meter installation and operation
Australian Energy Regulator
Regarding the Australian Energy Regulator’s approval of distributors’ cost recovery for rolling out the new smart meters.
Visit the Australian Energy Regulator's website.
Your electricity distributor will then advise you when the installation will take place â providing a 10-day time frame in which the installation will occur.
Before the smart meter installation occurs, the qualified meter installer appointed by your electricity distributor will knock on your door to inform you that the installation is about to occur. In normal circumstances however, thereâs no need for you to be present.
Once the meter installation is complete, the meter installer will leave information at your premises to advise you that the meter installation is complete and provide details on how to read your new smart meter.