What is a smart meter and why are they in the news?

Every property (business and residential) is getting changed to a smart meter as part of massive infrastructural investment. If you have not gotten one already, it’s only a matter of time until you are switched over from the traditional meter box with the rotating wheel to a digital smart meter that communicates with your energy supplier in 30-minute intervals (providing you opt-in to allowing your supplier to process your data).

Do I need one?

You do. Until smart meters were introduced, the only way of detecting what electricity was used at certain times of the day was if you had a day/night meter installed. Without a day/night meter, you were charged a flat rate by your supplier for the amount of energy you used within a billing period.

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. 

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