In May 2009 the government announced the initiative of rolling out Smart Meters to all domestic households and businesses across the country. Smart Meters are electronic devices that record energy consumption on a set interval period, this normally being hourly. Energy reports that monitor and record your usage are sent back to your utility company on a daily basis. This will subsequently mean that there will no longer be predicted bills and will it will lay the path for completely accurate billing.
The roll out will be a major national project that will involve replacing close to 53 million gas and electricity meters over a period of 8 years. The initiative has been put in place to give power back to the consumer. The inevitable hope is that it will drive businesses to be much more energy effective and wary of their usage as it will give the companies the ability to see near-live energy usage.