![]() With regards to data protection, the data Loop gathers on a household's usage is not shared with any suppliers – the clip feeds the data to the hub and Loop then interprets this data and presents it through the app to users. Those looking to save on their bills and cut down on their usage will have to weigh up whether the benefits of using the Loop device outweighs the cost of purchasing one. It is also currently only compatible with Apple iPhone's from 5S onwards although it has said that the Android app will be available soon. Smart meter installations are funded by energy suppliers as it is a supplier led rollout - but indirectly, households are helping fund the scheme through their bills. ![]() Loop costs households £49.99 to purchase and after the first year, which is free, it will cost £12 per year for a subscription. It will compare customers usage data to similar households - both homes close by and homes of similar size - to advise whether users could be overpaying.Ī further benefit is that users can install the service themselves – whereas smart meters must be installed by an engineer.Ĭustomers connect their Loop Hub to their broadband router using the cables supplied and then fit the Loop clip around a cable by their electricity meter. Loop then suggests actions and provides insights that can help you save electricity and cut your costs. It will allow users to see how much they've spent so far that day or the same week and how that compares to their average usage. Record numbers of households are installing solar panels in an attempt to rein in soaring electricity bills.Householders willing to pay £95 on average to ensure their home is burglar-proof - with pet owners happy to pay more.Greater share of household income went on food, energy and housing costs between 19s - but young people today facing unprecedented financial hardship.Dacia confirms Spring EV will hit showrooms in 2024 and may cost £18k - but there's a fly in the ointment.Hyundai's Kona named car of the year amid a hat-trick of awards in the motor industry's 'Oscars'.Farewell Ford Fiesta! Last model built TODAY marks the end of Britain's favourite car after 47 years and 4.8m sales - as it makes way for a new electric replacement.Ten stocks that could profit from the AI revolution - and what investors need to consider.ARGONAUT ABSOLUTE RETURN: Fund finds golden fleece in market's ups AND downs.MIDAS SHARE TIPS UPDATE: Boost for mental health firm - Kooth offers free online support to those in need of help.TONY HETHERINGTON: Andrew Pilley, disgraced boss of power firm BES Utilities, that I probed, is jailed for 13 years.Some of Britain's biggest providers of workplace pensions pledge to pump more money into home-grown companies in bid to boost growth.American movie studio Paramount received almost £85m of taxpayers' cash to make the three latest Mission: Impossible movies in the UK.Saudi's UK investment drive goes full throttle As Middle East's petro kingdom strengthens ties with Aston Martin. ![]() Game, set and match for gym chain: As boss of David Lloyd reveals how it has bounced back after Covid, its private equity owner aims to serve up a sale. ![]() It may sound boring to call for common sense in managing personal finances, but that message is more important than ever, says HAMISH MCRAE.MIDAS SHARE TIPS: Put spark in your portfolio with Solid State, whose electronics are used by electric car makers and defence giants.Superglue which once held city and suburban centres together has become most endangered species: Customer service? The banks couldn't care less.He owns a publishing empire but Lord Heseltine tells ME & MY MONEY: 'My only shares are in Marks & Spencer.Treasury and Stock Exchange should launch modern 'Tell Sid' campaign to get households to invest surplus income, says JEFF PRESTRIDGE.Don't put all your nest-eggs in one basket now cash savings earn up to 6% - here's why you should STILL keep on investing.Used electric car values have dropped like a stone in 2023: We reveal the biggest second-hand fallers in the first half of the year - and the worst 20 are all EVs.Your smart doorbell could land you in court: How to keep your home safe AND stay on the right side of the law.Help! British Gas thinks my house is a pub and now wants me to pay £800 for a business account I didn't open.Philip Jansen 'desperate' to hang up on BT: Boss has plan to step down amid a lacklustre share price and boardroom strife. ![]()
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