Scheme encourages customers with smart meters to use less energy at peak times and reduce carbon emissions

Homes with smart meters to be paid £3 per KW hour to boost use at night and take strain off power grid

A majority of consumers have seen savings on their energy bills as a result of installing smart meters.

The European Investment Bank (EIB) is funding €325 million (£227.5m) to improve the electricity grid in Spain.

Affordable housing residents will be encouraged to use a specially devised game for smartphones and tablets linked to smart meters as part of a partnership initiative designed to reduce energy and CO2 consumption in their homes.

Smart meters could help businesses become more intelligent with their energy saving – not just with accurate data but because they make using more added extras possible.

British Gas’s smart meters comprise one electricity meter, one gas smart meter, a communications hub and a smart energy monitor. They all work together wirelessly to relay your energy usage back and present that information in an easy-to-understand package. British Gas will even set it all up for you.

The Abu Dhabi Distribution Company (ADDC), which supplies electricity to the city and surrounding areas, will have installed digital electricity meters in all buildings by the end of this year, its deputy managing director Abdulrahman al Dhaheri said yesterday. The new meters not only calculate power usage, but also allow consumers to sell their own solar-generated electricity back to the grid.