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Users can also choose to purchase a new Adult or Elder Smart Octopus in the app. Smart Octopus provides features like instant transaction notification and in-app top-up function. In-app top-ups initially incurred a 2.5% handling fee [54] [55] [56] but this fee was removed in June 2020 when support for Apple Pay was launched. [57]
Besides industry-standard fixed and variable tariffs, the company is known for innovative tariffs which are made possible by the national rollout of smart meters. These include: Octopus Tracker – gas and electricity prices change every day, and are based on wholesale prices for that day, with disclosure of overheads and the company's profit ...
The term smart meter often refers to an electricity meter, but it also may mean a device measuring natural gas, water or district heating consumption. [1] [2] More generally, a smart meter is an electronic device that records information such as consumption of electric energy, voltage levels, current, and power factor.
Itron is a founding member of the Smart Cities Council, having joined in 2013. Itron is also a partner of Microsoft CityNext helping with global Smart City initiatives. After developing Itron OpenWay Riva adaptive communications technology (ACT), Itron launched the Itron Riva Developers Community for the Internet of Things , for developers ...
Octopus Energy was established in 2015 as a retail electricity and gas supplier in the UK, and by December 2019, had over 1.35 million domestic and business customers. Under the Octopus Energy Group brand, it has expanded into energy for business and energy services, and licences its customer handling software to other energy suppliers. [5]
Available for purchase in every stop of the Mass Transit Railway system, the Octopus card is a non-touch payment system which allows payment not only for public transport (such as trains, buses, trams, ferries and minibuses), but also at parking meters, convenience stores, supermarkets, fast-food restaurants and most vending machines.
In 2005, Utilita became the first company in Great Britain to install a smart electricity meter in the residential sector, and in 2008 Utilita became the first to install a gas and electricity smart meter system. [1] By 2014, the company had 100,000 customers. [citation needed] In 2018, Utilita launched their energy management app, My Utilita.
close to 200 million smart meters for electricity and 45 million for gas will be rolled out in the EU by 2020. This represents a potential investment of €45 billion. [18] by 2020, it is expected that almost 72% of European consumers will have a smart meter for electricity. About 40% will have one for gas. [18] the cost of installing a smart ...