A smart meter records electricity use at regular intervals and sends readings remotely, so estimated bills and manual meter reads may be reduced. In 2026, rollout requirements and timing vary by state, territory, property and whether the meter is new or being replaced, so not every home will receive one at the same time. A smart meter can support time-of-use tariffs and faster connections, but your retailer should explain any pricing changes before they apply. Check with your retailer or energy regulator for the rules in your area.