Smart meters may not start saving householders significant amounts of money until 2030 and will cost homeowners more than previously thought, the body which represents energy firms has admitted.
When questioned yesterday by the Business, Energy and Industrial Strategy Committee of MPs, Energy UK’s director of supply, Audrey Gallagher, admitted that delays to the roll out of the devices could mean they may not save consumers significant amounts of money for years.
Under the Government’s smart meter roll out, which is specifically designed to help households reduce their bills, every home must be offered one of the devices by 2020.
Ms Gallagher told the committee that although the original impact assessment said that “big savings” would be seen by consumers by 2020/2021, this was now in doubt.
When asked by the committee when the full cost benefits of smart meters would be realized, she said: “Sorry, I don’t have that right now, but the benefit case goes up to 2030.”