smart meters 'will allow consumers to sell energy back'
Homeowners with microgeneration equipment will be able to sell energy they produce back to the National Grid following the introduction of smart meters, the Energy Retail Association (ERA) has said.
A spokesperson for the group explained that as the devices monitor how much energy is actually used at a property consumers will be able to compare this to how much is produced.
"If you have got a wind turbine or a solar panel and you produce more energy than you use then you can be paid back for that by your energy company," she said.
Smart meters are to be fitted in all UK homes by 2020 under plans announced earlier this week by environment and climate change minister Ed Miliband.
Further commenting on the benefits of the initiative, the ERA said: "It would be able to show you how much carbon you are saving as well as how much money you are saving."
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