The simple answer is no. It is true that your smart meter sends basic data on how much energy you use via a smart grid to your energy company. But, this is simply to:
- Monitor consumption in your community and make sure energy is available when you need it
- Accurately calculate your bill based on what you actually use, rather than just a prediction.
Only basic data is used by energy suppliers to perform their legal task of providing bills based on actual consumption. Furthermore, grid operators and energy suppliers protect this data against unauthorised access and manipulation.
Your energy supplier has no interest in knowing which TV programme you are watching or when you have put the kettle on. Furthermore, just like the banking or credit card industry, the energy sector uses advanced security systems to keep your data safe.
The smart meter can produce more in-depth data to give you detailed insight into your energy use. You own your data. You, and only you, can give permission to others, for example innovative energy service providers, to use your in-depth energy use data in ways that can help you to make further savings.