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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.
He founded Octopus Energy – a subsidiary of Octopus Group – in 2016, and by 2021 the company was valued at over $5 billion. [7] The company is now the second largest energy supplier in the UK, and has expanded to other markets including Japan and Australia.
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]
Mobile or "drive-by" meter reading is where a reading device is installed in a vehicle. The meter reader drives the vehicle while the reading device automatically collects the meter readings. Often, for mobile meter reading, the reading equipment includes navigational and mapping features provided by GPS and mapping software. With mobile meter ...
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 ...
Smart cards may also be used as electronic wallets. The smart card chip can be "loaded" with funds to pay parking meters, vending machines or merchants. Cryptographic protocols protect the exchange of money between the smart card and the machine. No connection to a bank is needed. The holder of the card may use it even if not the owner.
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