Smart meters 'will make heating bill savings easier'

Over 50s looking for ways to reduce their expenditure on heating bills may find it easier to do so once the new smart meters are introduced nationwide, according to Ofgem.

The regulator has stated that the meters, which allow homeowners to view their energy readings in real time, can help people to manage their heating and electricity usage more economically.

In addition, the devices will remove the need for estimated bills and meter readings, meaning that suppliers will always charge the right amount.

However, Ofgem reminded homeowners that energy savings remain dependent on householders deciding to be more economical about their energy usage.

A spokesman for the body said: "The smart meter is just a way of presenting them with much better information to make that decision. But the decision is theirs at the end of the day."

Earlier this week, a report from consumer group Which? suggested that recent price cuts among energy suppliers has made now an ideal time for homeowners to save money by switching to a cheaper tariff or provider.

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