Electricity pricing usually peaks at certain predictable times of the day and the season. In particular, if generation is constrained, prices can rise from other jurisdictions or more costly generation is brought online. It is believed that billing customers by time of day will encourage consumers to adjust their consumption habits to be more responsive to market prices.
The SMARTmeter tool to help consumers better manage their energy use - smart meters with a display can provide up to date information on gas and electricity consumption in the currency of that country and in doing so help people to better manage their energy use and reduce their energy bills and carbon emissions.
From a consumer perspective, smart metering offers a number of potential benefits to householders. This includes an end to estimate bills, which are a major source of complaints for many customers.