New smart meter roll-out is doomed
The new smart meter roll-out is, you guessed it, not going to work!
In order for the government to meet its deadline of every household in the UK having a smart meter by 2024, one would have to be installed every seven seconds.
New research has laid bare exactly how ridiculous this roll-out is.
There have already been numerous cases of smart meters 'going dumb' - basically, ceasing to work.
People have also had issues with their smart meter not being viable with their current energy supplier, leaving some people without power.
Last week, ministers said suppliers will now have until 2024 to install the devices in at least 85 per cent of homes.
But analysis from consultancy Cornwall Insight shows that this still presents a ‘significant challenge’.
The roll-out has been so shambolic that just over half of homes will have a smart meter by the original 2020 deadline, while the estimated cost has already soared by £2.5billion to £13.5billion.
Rowan Hazell, analyst at Cornwall Insight, says that, while the delay is ‘sensible’, the Government is still taking a tough approach on suppliers.
He points out that installation rates have fallen for four consecutive quarters because of problems transitioning to the newer SMETS2 meters, a trend that suppliers will need to reverse.
Experts have previously told Money Mail that the roll-out may not be complete until 2030.
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