Making Cents: Will an electricity smart meter save me lots of money? 

Smart meters are being installed across the country, but how much cash do we stand to save by installing one in our homes?

A major upgrade of electricity meters in Ireland has been underway since 2019 and, as the number of smart meters installed reaches almost a quarter of a million, packages tailored for the new meters are becoming available in the Irish market.

The smart meters are currently being installed across the country by ESB Networks and there are already 248,397 smart meter installations in Ireland, with 8,783 installed in January alone. By 2024, all 2.3 million existing meters in Ireland will be upgraded, with approximately 500,000 meters to be installed each year in order to reach the 2.3 million targets.