Latest Government figures issued for the roll out costs for smart meter technology has sky rocketed to £9billion. Despite the potential energy saving costs for energy firms at around £300 Million a year, it seems these firms want the consumers to pay for the meters themselves.
At a cost of around £350 a meter, the money consumers save on energy will be eaten up by the costs of the meters.
Smart Meters are due to be installed in homes by 2020, while this is a decade behind the rest of the western world, it appears the Government is still thrashing out the best way to pay for the cost of installation and pandering to the energy firms tantrums.
via Another Blow For UK Smart Meter Rollout..
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- Government’s smart-meter estimate falls short by £6bn, expert claims – Times Online
- Frost & Sullivan: US Driving Smart Meter Growth While UK Lagging Behind
- Location, location: Lobbying over smart meter displays | FT Energy Source
- Renewable Energy Focus – Open standard from Cambridge Consultants to accelerate rollout of smart meters
