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Default Energy supplier wants to fit Smart Meters - good?

Ovo energy supplier wants to fit Smart Meters but just like to ask if
there are any snags/watchit warning etc etc before agreeing (seems I
have a choice - which is nice). At the 'mo we jsut have the famous
spinning disc for elec and a gas meter.

I see they use a 'phone-type WAN to send the data to supplier - good
if secure I suppose.
 
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