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The biggest difference is you don't have to provide regular meter readings, so no more bumping your head in the cupboard under the stairs.
It also allows you to see what costs you the most in terms of usage. For example we were surprised to find out that the extra money we spent on our tumble dryer paid off because it costs less to run than our washing machine on a 40 degree cycle.
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Since electricity and gas are metered you'll always pay for what you use.
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I was reading about Octopus trialling a tariff that charged on a ad-hoc basis, depending on supply/demand on the energy grid, it relies on a smart meter. Could work out well if you work nights or from home maybe, or can get away with cooking/cleaning at night somehow.
Bobbo
Brun
Polygon
@Tonts
Anyone had a smart gas/electric meter fitted? Any appreciable difference to the old one? Bulb have offered to fit them free (I'm guessing they all do this) and I'm just wondering if it's going to mean I end up paying more.