Homeowners in Scotland considering switching energy companies could save £110 million a year through the use of smart meters, reports the Edinburgh Evening News.
More than 30,000 homes in Edinburgh are thought to be living in fuel poverty as a result of high prices from energy companies and over 100 homes were cut off between September and December last year.
Smart meters are intended to help households reduce their consumption by displaying a detailed guide of minute-by-minute energy usage, with red light systems even available to issue warnings to homeowners.
Ed Miliband, the energy and climate change secretary, said: "Smart meters will empower all consumers to monitor their own energy use and make reductions in energy consumption and carbon emissions as a result. They will also mean the end of inaccurate bills and estimated meter readings."
Smart meters could help deliver energy savings worth up to £3.6 billion over the course of the next 20 years.
The government also highlights home insulation and measures such as energy-efficient light bulbs as good ways to reduce domestic costs.
If you want to find out more about gas and electricity and how you could save up to £378 in minutes, click here.