There is “no realistic prospect” of the government meeting its own deadline to install smart meters, according to the National Audit Office (NAO). The public accounts watchdog has joined a chorus of voices – including a group of MPs and Citizens Advice – which say the target is impossible to reach. Every home in Britain is supposed to have a smart meter – which avoids the need for customer readings – by 2020. However the government has insisted that it will meet its commitment. The NAO also said that nearly one million smart meters are no longer working properly, and that the coldest parts of Britain have the fewest meters. To meet the deadline, installers will need to replace 39 million old meters within the next two years, according to the NAO. In comparison, just 12 million meters have been replaced over the last six years.
BBC 23rd Nov 2018 read more »
The government’s £11 billion smart meter programme could end up costing £2 billion more than expected while promised benefits to consumers may never materialise, the spending watchdog has found. The National Audit Office (NAO) said that there was “no realistic prospect” of energy suppliers meeting the government’s target of installing meters in every home by 2020. The introduction of the meters will cost at least £500 million more than expected and ministers’ refusal to relax the deadline “increases the risk of cost escalation” and of defective technology being installed. Urging the government not to become “resistant to inconvenient truths”, it said: “The facts are that the programme is late, the costs are escalating, and in 2017 the cost of installing smart meters was 50 per cent higher than the department assumed.” If installation costs do not fall as the government expects the scheme’s costs could rise by £1.8 billion and push the total above £13 billion, it found.
Times 23rd Nov 2018 read more »
Guardian 23rd Nov 2018 read more »
It will take much longer and cost much more than expected to offer every home and business in the UK a smart meter, according to a highly critical new report from the National Audit Office (NAO) that pours cold water over hopes the government’s original 2020 target can be met.
Business Green 23rd Nov 2018 read more »