Smart meters connect the user with their energy supplier and the wider energy network. When enough customers are connected, it will be possible to more accurately predict how much energy is required around the country at any particular time of day and should help to match supply and demand and balance the entire grid. Another feature is the possibility that relatives could be alerted if elderly people showed signs of dementia due to unusual energy usage or dangerously underheated homes in Winter for example.
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As ever, this article is merely a record of my personal investment decisions and should not be regarded as an endorsement or recommendation... investing in smaller companies can be rewarding but is higher risk - always DYOR!