Energy giants call for review of smart meter roll-out to save consumers £1.8bn

February 3, 2014 Off By administrator

Energy giants call for review of smart meter roll-out to save consumers £1.8bn
Article from Telegraph.co.uk:

EDF Energy argues that “a comprehensive review of the smart meter programme could save £1.8bn”. By 2018, the peak year of installation, the cost on bills could be reduced from £45 to £30, it argues.

It says the government obligation for suppliers to “take all reasonable steps” to install meters in 100pc of customers homes is too ambitious and that reducing the target to 80pc by 2020 would be “more effective and affordable”.

In one trial in London it found that just 15pc of people wanted a smart meters. The installation process cost about £70 each for the first 80pc of homes but rose to £120-a-time for the final 20pc of meters where customers were hard to reach or apathetic.

EDF also wants ministers to consider centralised procurement of the meters to save money and to review the obligation on suppliers to offer every customer a stand-alone in-home display panel, costing up to £40 a time, to read their energy usage, arguing it would be cheaper to allow customers to use free apps on mobile phones or computers.

Another supply giant, ScottishPower, has already spoken out about the potentially redundant display units, Telegraph.co.uk
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