Families across the UK are dealing with the cost of living crisis which is being exacerbated by soaring inflation and energy bills. However, new research suggests that smart meters are “key to making savings” during this crisis and prices continue to skyrocket. Recently, Uswitch reported that smart meters can save households upwards of £130 a year on their bills.
Energy bills are forecast to go up by £693 annually due to the price cap rise with further price hikes expected towards the end of the year.
Recently, the head of Ofgem warned a committee of MPs that the price cap could reach as high as £2,800 by October of this year.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
