The third and final session of Connecting Energies 2024 brought things closer to home as we explored the role of modern electricity meters, focusing on the increasing adoption of smart meters and the benefits they provided for both consumers and grid operators. Smart meters enabled real-time tracking of electricity use, giving consumers greater control over their energy consumption while providing grid operators with the data needed to manage demand more effectively.
This session also examined how electricity pricing was structured, discussing the various factors—such as consumption, time-of-use (TOU), and dynamic pricing models—that influenced costs for consumers. These models were shaped by demand patterns, generation costs, and grid conditions, all of which affected the final bill. Additionally, we explored emerging trends in electricity metering and pricing, including the increasing role of dynamic and real-time pricing, and how these changes impacted consumers in the shift toward a more decentralised and renewable-based grid.
