Since the start of the smart meter rollout the energy market has changed dramatically. From the highs – advancements in low-carbon technologies and innovative new tariffs – to the lows of the global energy crisis sparked by Russia’s invasion of Ukraine.
What hasn’t changed is the power of home energy data.
Smart meters promised a future of lower energy bills for households… but not without effort. A smart meter, by itself, can’t save you money. Instead it’s a tool – a device to help. When paired with an in-home display (IHD), you have the keys to turn your home energy data from random numbers into a clear picture.
When used to full capacity, the smart meter and IHD combination can help homes save money and energy in multiple ways:
- More accurate bills
- Encouraging lower energy consumption
- Access to money-saving initiatives, such as time of use tariffs, low-carbon technologies and demand flexibility events
- Contributing to the UK’s Net Zero ambitions by providing more accurate energy data back to the grid
“With data collection, ‘the sooner the better’ is always the best answer.”
Marissa Mayer, IT executive and co-founder of Lumi Labs, former Yahoo! president and CEO
As Chameleon Technology’s in-home displays (IHD) have evolved, we’ve worked hard to make sure that we’re delivering the information and features that are most useful to customers.
Establishing a current, real-time baseline of energy usage is so important for all households. With this, you can then have a yardstick to measure any change and make improvements. It’s at this point that you can see beyond averaged monthly direct debits, and the mindset of ‘hopefully we haven’t used too much’. It’s at this point that households have the most opportunity for change.
You can use an IHD to understand how much home appliances cost to run, for example, so you know how much your washing machine or tumble dryer is costing you. Or you can set budgets for either energy usage or costs, to help the whole family understand how to stay on track throughout the month.
Chameleon’s in-home displays and consumer interfaces turn abstract numbers into tangible results – more cash in your pocket, and less carbon needed in the UK’s grid.
“We’ve helped individuals typically reduce their energy consumption by anything up to 16, 17%. If you imagine applying that across a billion people, it’s a really significant change.”
Mike Pyke, Chameleon Technology Chief Operating Officer
