News / Scotland by Press Association November 23, 2018, 12:03 am FacebookTwitterLinkedInWhatsAppEmail Sign up to our Daily newsletter The Government’s target of installing smart meters in every home by 2020 will not be met and the cost of the rollout is likely to “escalate” beyond expectations, the spending watchdog has warned. The National Audit Office (NAO) said the Department for Business, Energy and Industrial Strategy’s (BEIS) latest 2016 estimate that the programme will cost £11 billion – the equivalent of £374 per dual fuel household – “under-estimates the true cost of rolling out smart meters”, which had since increased by at least half a billion pounds or the equivalent of an extra £17 per household. Up to 53 million smart meters, which will replace traditional electricity and gas meters in homes and businesses, were due to be installed across Britain by the end of 2020 to meet the Government’s target, saving households an average of £18 a year between 2013 and 2030 after they have met the costs of the programme. However, the rollout has struck a number of issues, with the NAO finding that about 70% of first generation SMETS1 meters “go dumb” when people switch to a new… Read full this story
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