Monday, 11 May 2009
New smart meter
The government has unveiled plans for every home in Britain to be equipped with smart meters by the end of 2020.
Smart meters allow suppliers to remotely record customers' gas and electricity use, and let consumers see how much energy they are using.
Some 26 million electricity and 22 million gas meters will need to be fitted at a cost of £7bn.
Smart meters end the need to dispatch meter readers, meaning huge savings for energy firms who hope bills will fall.
It is also hoped that smart meters will mean an end to estimated bills and call centre staff who deal with related complaints.
British Gas said the move would reduce the UK's energy use, cut carbon emissions and save customers money.
Cost savings
Energy providers will have the responsibility to fit the meters in what amounts to the biggest programme of work since British Gas converted appliances in 17 million homes to natural gas back in the 1970s.
Industry sources say that the £7bn cost amounts to around £15 per household per year between 2010 and 2020.
full article
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