A no-deal Brexit threatens to tip the troubled £11 billion smart meter rollout into chaos as energy suppliers fear that imports of the devices may be disrupted. Several companies are understood to be increasing stockpiles of the meters to have them ready to install even if there are delays at the border. One senior industry source said that this was proving difficult, however, because Britain’s exit from the European Union coincides with a government deadline forcing suppliers to change the kind of meter they install. The National Audit Office has said that there is no realistic prospect the deadline will be met. The programme is running £500 million over-budget and costs could rise by more than £2 billion, it added. So far only 13 million meters have been installed out of more than 50 million required. About 100,000 meters are being put in every week, with most understood to be imported.
Times 26th Jan 2019 read more »