Electricity Meter: Important meter in all households

Electricity meters are measuring devices used to determine the amount of electricity delivered to a household. They are thus, so to speak, the connection between the households and the electricity network operator or the energy supplier. The first forerunners of today’s devices were already invented at the end of the 19th century. Today, they can be found in almost every household, since a power connection ready for decades has been standard in Germany.

Different types: mechanical or electrical

 Different types: mechanical or electrical

The classic among electricity meters is the analog electric meter, named after its inventor, the Italian physicist Galileo Ferraris, also Ferraris counter. In the electro-mechanical box, a metal wheel rotates. This is connected to a roll counter. This shows how much power has been consumed since installing the device in the connected household. The consumption is calculated by comparing the meter reading at the beginning of the billing period with the meter reading at the end of the billing period.

The advantage of mechanical meters: they only have to be calibrated every 16 years. This is much less common than is the case with comparable digital devices. The disadvantage: mechanical meters must be read by hand and meter readings transmitted to the network operator. In addition, mechanical counters can provide incorrect data if they are not calibrated correctly. Then the consumer may pay for each electric bill.

Exchange of all devices in case of errors

 

These counters are only checked randomly, not every device individually. If a defect is detected during the check, all counters of this type should be overhauled or replaced.

 

Modern standard is the electric meter. With him, the power consumption is stored digitally. There are models that energy companies can also read out directly, so-called energy meters with remote reading. This reduces the effort for companies and consumers to read each meter reading manually or to process the received meter readings.

An advantage that could ultimately be noticed by the consumer in his electricity bill, theoretically at least. In practice, the electricity bill currently tends to be higher than lower due to the costs of the energy turnaround, grid charges and the EEG surcharge.

The smart electricity meter

 The smart electricity meter

As part of the energy transition, smart meters, also known as smart meters, are now on everyone’s lips. They are supposed to reduce the costs for the consumer according to the policy and to relieve the burden on the electricity grids by an intelligent regulation of the electricity consumption. For many energy-intensive companies, such smart meters have been in use for years.

You can record consumption digitally, save it and visualize it for consumers. The idea is that smart meters should ensure that consumers consume more of their electrical energy when a lot of electricity is generated from renewable energy sources. An oversupply in the power grid should then be able to be used at low prices. For this purpose, the devices should store the consumption of all electrical appliances in the household in detail and every 15 minutes.

The advantages are obvious: in addition to a lower electricity bill, higher advance payments or additional payments should soon be over, since smart meters make the actual demand more transparent for the consumer.

Criticism of the smart electricity meters

 

The behavior in terms of power consumption and thus also very private behavior patterns of consumers could become transparent for the operators as well. Because the very detailed data could land not only on the computer screen of the consumer, but also with the energy suppliers. Whether the operators, however, will examine every household so is still unclear. It would also be conceivable to only observe larger units such as residential blocks or quarters in order to optimize the power grid.

 

Mandatory introduction of smart meters from 2017

The energy and economic department of the Federal Government want to follow European guidelines with the widespread introduction of the devices. A bill to “digitize the energy transition” by the end of 2015 provides that not only for consumers and businesses, the new meters are installed, but also for normal and average consumers. From 2017, a smart meter requirement for large customers with an annual consumption of more than 10,000-kilowatt hours (kWh) should apply. By 2020, according to the EU directive mentioned above, at least 80 percent of private households will also be equipped with smart electricity meters.

Consumers themselves have doubts about the new devices according to a survey by the Federation of German Consumer Organizations in 2014 and fear additional costs and data protection problems due to the smart meters. As the daily newspaper “taz” reports, the network operators can decide whether they want to install smart meters or not. They also bear the cost of the meter and its installation and installation. A codetermination right of the individual consumer is not yet provided.

As early as 2013, an analysis by the auditing firm Ernst & Young on behalf of the Federal Ministry of Economics showed that a nationwide introduction of smart meters in Germany makes no sense.

This is how you read correctly

 This is how you read correctly

The electricity meter can be found in smaller rental houses usually in the basement or in the stairwell. If you do not know where your electricity meter is, ask your landlord, property manager or caretaker.

For older electromechanical models you need to calculate the power consumption for the current year yourself. On the last electricity bill, you should find the old meter reading. If you subtract this from the current meter reading, you know how much power you have used since your last billing.

The electricity meter must be read at least once a year. This is usually taken care of by the energy supplier or network operator. If meter readings cannot be transmitted digitally because old mechanical meters are still in use, you will be prompted to transmit the current meter reading. This is often done by postcard, but usually, you can pass your meter reading also via the Internet or phone. It then determines whether your monthly payments made were higher or lower than the actual consumption. If you have paid too much or too little with the electricity cost prepayment, you will either receive a credit note for the next electric bill or you will be asked for an additional payment.

If the electricity meter measures incorrectly

 If the electricity meter measures incorrectly

Responsible for the electricity meter is not the consumer, but the so-called measuring points. This is usually the respective network operator. Therefore, he is also responsible if the electricity meter is not working properly. The reading also falls in principle in his area of responsibility, even if many network operators now pass this task on to consumers. You pay these services to him with your electric bill, to be found as item “Fee for measuring point operation” “Fee for billing” and “Fee for reading”.

Since 2005 it is possible to order an external measuring point operator. In practice, this option is rarely used, among other things, because the items mentioned are relatively small in relation to the rest of the electricity bill. Anyone who hires an external service provider should report this to the utility company and make sure that the basic price has actually been reduced in the next bill. Otherwise you may pay twice for the measuring point services. An extra bill for reading and maintaining the electricity meter does not make matters clearer.

Unrealistically high consumption: Check if the meter measures incorrectly

If your electricity bill seems too high despite the more economical consumption, electricity price comparison and electricity supplier change to a lower tariff and the most economical new household appliances, you should take a closer look at your electricity meter.

Calculate comparison values with an online tool

 

You can easily determine which consumption values are realistic for your living situation with the Consumer Checks electricity check tool. So you have a comparison value at hand.

 

Especially with the older, mechanical models, it may be that the electricity meter is running but wrongly calibrated. The result: the electricity provider will charge more electricity than you actually consume. Then you should check whether the counter is working properly or if someone taps their power line.

The following three steps can provide more clarity:

  1. Switch off the devices completely and check the meters
    Turn off all electrical appliances in your household. And indeed all, including fridge and freezer. Do not worry, the review is done quickly, frozen foods will not be damaged. You do not have to pull each plug individually out of the socket or switch off the devices via a switch. It is easier and more reliable to do this with the fuses in the fuse box. If you have switched off all devices, check the wheel in the electricity meter. As there is no more current, it should not turn anymore. If the meter still measures consumption despite completely switched off appliances, ie continues to rotate, you should report this to your energy provider.
  2. Measure the energy consumption of the devices
    The consumption of household appliances can be estimated flat, but not always the information from the manufacturer. Especially with old devices, the consumption can be higher than expected. Obtain an energy or energy meter. You can borrow that from some energy providers. It rarely costs more than 50 euros in retail. Well invested money, because you can use it to check every electronic device for its consumption and to locate power guzzlers. A cheap helper to make an electricity inventory for your entire household. To do this, it is plugged in each time between the consumption device and the socket. Write down the results. If the results of your measurement are confusing, consult energy or electricity consultants, for example, from Consumer Centers.
  3. Request verification of the meter from the meter operator
    If you have doubts that your electricity meter is still calibrated correctly, you can commission the meter operator with a check. Be sure to ask about the costs involved. The cost of a review can pay many energy suppliers with about 100 €. If it then turns out that the meter is defective and measures inaccurately, the utility companies often bear the costs of the check themselves.

Exchange of counters

As a general rule, electricity meters should be replaced by newer devices from time to time to ensure correct operation. Some network operators change counters after the validity period expires, others when problems with a particular model occur. How long the legal validity period is, depends – as described above – on the meter type. The verification period is:

  • 16 years for mechanical electricity meters
  • 12 years for instrument transformer meters (mainly used at high energy consumption in industrial companies)
  • 8 years for electronic electricity meters

When your electricity meter has been calibrated, you can read off the calibration stamp. The number at the bottom of the rectangular gray or yellow plaque indicates the year of testing. However, network operators are not required to replace a meter at the end of the calibration period. In addition, a meter can be validated as valid due to a random check.

In Germany, private individuals are not allowed to exchange electricity meters themselves because of the required standardization. As a rule, energy suppliers or network operators undertake the replacement or entrust companies that have a corresponding license.

The financial question: The present values show the difference

For money transactions discounting future payments on the present psychological reasons is more advantageous than the calculation of effective interest rates.

When comparing deposits and loans are the effective interest rate, present value and span the key figures. They are based on actual cash flows and provide investors with clear results, which solution is best from the numbers here. This is not the case with the addition. When borrowing, the legislature has made the effective interest rates by the prices regulation acceptable, so many investors know that the effective interest rate is more important than the nominal rate. The cash value is for most investors but like the old days, a closed book, although individuals often stumble over the phenomenon of having to discount future payments to the present. Present values are important in the lending business and supply issues, the benefits of Abzinsens or discounting this example shows:
A business economist is 45 years old. He is married and taxed 112.00 euros per year. This results in a tax burden of 35 percent if the income tax (30,696 euros), the solidarity surcharge (1,688 euros) and the church tax (2,456 euros) are added together. The high taxes have led the private citizen to buy a property to be leased for 15 years. The property costs 300,000 euros, from this amount to be paid by means of a loan two thirds.

For 200,000 euros, the investor has worried two offers. The bank proposes to include a regular annuity. The interest rate is 4.75 percent and is 15 years. In this time of credit is to be repaid. The other bank makes to finance the property with the help of a fixed loan proposal, which is to be replaced by a building loan. The fixed-rate loan costs 4 percent per year, and the borrowing rate of the building savings loan is 3.75 percent. The term of the combination is 15 years. That is, the duration of the funding is identical. Only the interest rates seem to differ, here 4.75 percent, where 3.75 to 4 percent.

It is a model of how individuals come to falter when it comes to money. The comparison of nominal interest rates is the best way to stray from the right path. Protection offer only cash flows and key figures. These can be in the present case both effective interest rates and cash values. The business administrator receives 200,000 euros and wipes out the debt over the course of 15 years. Which is a credit. At this structure does not change the fact that the savings agreement only plant, then credit anything. This comes in both cash flows expressed.

Fall tax benefits

The nominal information on the annuity are in the first table. The mortgage has a term of 15 years. The 200,000 euros will be paid at the rate of 100 percent. There are no costs for processing and estimation. Thereby the nominal debt is 200,000 euros. The annual nominal interest rate is 4.75 percent and is valid for 15 years. The rates of interest and principal are payable monthly in arrears. You will be charged on these days. The rates are 1556 euros. Thus, the debt will decrease over time to zero euros.

Finding A Good Product Owner Services Provider

One of the numerous confusing aspects of running a small company can be figuring out how to acknowledge credit card transactions. The Nurit 2085 is a credit card device that allows you to accept client credit cards. A Nurit 2085 machine generally costs more than $100 to purchase new. Numerous merchant service providers are willing to counter the cost of purchasing a Nurit 2085 if you’re willing to sign an agreement with them. Here’s how plus where to purchase a Nurit 2085.

Unfortunately, in the vendor services (aka best merchant services company to work for the industry) we’ve got a reputation of getting some of the worst. The industry has got the potential to make for an entirely comfortable living for those that are usually successful. Consequently, it draws a lot of new, inadequately educated “sales types” that give average folks professionals a lousy reputation.

This is why a hosted shopping cart software might be more advantageous to your company. The hosted shopping cart gives very similar aspects to a vendor service one. But the primary difference would that your company name can be requested to show up on the credit card statements, prices and ordering information.

To be able to accomplish these transactions on your website, you need a PSP or a merchant service provider definition. You will need to sign up for a service provider account to get this support from your website. Taking transaction through PSPs is very simple and quick. Below is a summary of the way transactions are performed using PSPs.

On the surface, this particular makes perfect sense. Those terrible banks won’t be charging a cent for credit card processing interchange, the swipe fee on the merchant account. So since the merchant won’t pay their particular merchant account services fees – voila, we the consumer can discuss a lower price and enjoy the “benefit! ” Regretfully, nothing could be further from the truth. The past decades associated with credit card processing growth had been because it made it easier plus quicker for us to purchase daily items. Going back to money entirely disregards this worth proposition, both for us as well as the businesses we shop in.

Costco allow you to out of your contract for a price. As soon as you discover rising prices and added fees, you will most probably do anything to obtain from your contract. Costco / Elavon might be extra than very happy to let you out of the agreement. If you pay a $95 termination fee also as your outstanding monthly fees.

The above two are usually free to join. You will have to pay out a percentage of the merchant accounts service for each sale that you just make. You only pay if a sale has been made. They will just about all be different. You will need to read exactly what percentage they will charge using their website. If you want to get a bigger list of services that offer service provider accounts you can alternatively operate a Google search.

Why The Reverse Mortgage Loan Is Nothing Like A Subprime Loan

Are you a homeowner and need to boost money for whatever target? Maybe you need cash to rewarded emergency medical bills, use as capital for a questionable income scheme venture, fund a major house repair or finance your child’s college exercise. Then you need not look far to locate a source of ready money you consider advantage in. If you own your home, you practically have a great asset in hands from which extract more financial value through hel-home equity loans.

People with lousy rating may procure loans faster if they fulfill the required loan criteria of lenders- think about this, might help. Bad credit record could be anything like missed payments, County Court Judgements, defaults, etc. After repayment of loans, you may get a chance to improve your investments credit history.

The most prominent tragedy is the way business owners wait until it is merely late to find capital. Numerous end up out of luck. The reality is no one wants to provide you with money that they know it ought to be. Your best bet is to dig your well, activity . don’t have to have the water.

The only guarantee for that reverse mortgage dangers could be the home money. That is why the lender is not interested concerning the income statement nor all around the credit grab. If the home selling price will not cover the whole right amount of the costs, the obligatory mortgage insurance to be used. However in no case the other assets of your borrower to used fork out for the reverse loan.

5) Borrow against home equity. A person has owned a mortgage-free home; you can use this to obtain wrong sides of a reverse mortgage (HEL) that can cover all of the outstanding debts. Another benefit is that HEL interest is a deductible item on your income tax return under most circumstances. Be diligent with each other payments to avoid the chance losing the home.

You should be paying off for your own house. Paying your existing balance of your mortgage utilizing profits if you still have a loan among the money on your own, personal home is easily the most the needed requirements of just a reverse financing. If you still have a significant balance your mortgage, it brings an issue for the people who have already retired. Is actually an one belonging to the reverse mortgage disadvantages.

How Does A Reverse Mortgage Work – new closing costs will be shared between different foods? The mortgage insurance represents about 39 % of all charges, the origination fee also 39 %, the title insurance 14 %, the appraisal 4 %, the counseling 1 %, and other expenses 3 zero percent.

Many because of misconceptions consumers have comes from fear or misunderstanding how these loans work. After a consumer understands the benefit’s they help to make better-informed decisions.