Can smart plugs save money on electricity?

Yes, in two ways. First, scheduling plugs to turn off devices that draw standby power (TVs, game consoles, chargers) eliminates phantom loads that typically cost a meaningful amount per year in a typical household. Second, energy monitoring plugs help you identify which devices consume the most electricity, so you can change usage habits. The Department of Energy estimates that smart power management can reduce home electricity costs by 5 10%. A smart plug often pays for itself within months.