Why everyone should switch to a smart water metre to save money
Did you know that there are ways to save on your household water bills other than simply using less? If you’re not taking advantage of off-peak hot water prices, you might want to start.
Most households use water before and after work. Because of this high demand period (which spans from 2pm to 8pm Monday-Friday), many energy retailers have offered cheaper rates for those willing to use water in less-in-demand periods. 7am to 2pm Mon-Friday and 8pm to 10pm on weekends are considered “shoulder” or in-between periods, while all hours between shoulder and peak periods are the prime off-peak hours that will save you the most money.
You can ask your energy provider about time-of-use pricing, which means you will get charged different rates according to what hour you use your hot water. If you plan accordingly, for example, avoiding showering and doing your laundry between 2pm to 8pm, you’ll save on your water heating bills.
To take it a step further, you can even switch to a smart water system, or interval meter. An interval meter measures your energy usage every 30 minutes, charging you different rates per interval instead of a flat fee. If you’ve switched your hot water usage to off-peak hours, this will help you save money. The less peak hour water usage in your household, the more you save.
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