A smart meter is a digital electricity meter that records usage at regular intervals and sends readings remotely to your retailer or distributor. It removes the need for manual meter readings and can provide more accurate bills, while helping you see when and how much electricity you use. Some retailers may offer time-of-use or other tariffs with smart-meter customers, but a smart meter does not automatically reduce your bills. Check your retailer’s offer, tariff conditions and privacy information before making a decision.