mooreaz:If you read the article, it explains very well.
Now that we've got a debate started...
What the article doesn't explain, though other press articles have attempted is how much all of this is going to cost.
Just one quote from the article...."Customers won't ever have to overpay or find themselves in debt with their energy supplier once smart meters come into force"
Well I support accurate (annual) billing but the prospect of accurate monthly billing during the winter season will not be a pleasant prospect for many.
I have a lot of concerns at the "easy to save" argument (other than by switching to a better deal). The BIG household consumption is heating. Reduce temperature perhaps, but for many the real problem is badly insulated old houses. And before someone says there are grants for cavity wall insulation, not in pre-1927 houses there isn't.
Sorry I see this as Copenhagen (and pre-election) grandstanding.
and PS
My plugged-in mobile charger is stone cold on standby. My Freesat is 1W on standby. Standby saving are hugely overhyped.