Proving the Business Case for the Internet of Things

Watchdog investigates UK smart meter roll out

Steve Rogerson
January 16, 2018
 
The UK’s National Audit Office (NAO) is to assess whether the government is on track to achieve its target of rolling our smart meters to all homes and small businesses by 2020.
 
And the study, due to be completed by summer this year, will consider whether the government is maximising the chances that smart meters will achieve their intended long-term benefits. The study follows up two previous NAO studies on the rollout, which were published in 2011 and 2014.
 
The NAO is the UK government’s spending watchdog.
 
The government’s Department for Business, Energy & Industrial Strategy is leading the roll out of smart meters to all homes and small businesses in Great Britain by 2020. This will impact around 30 million premises.
 
Smart meters will enable consumers to see what energy they are using in monetary terms, and will communicate with their energy suppliers on a real-time basis.
 
The government expects smart meters to provide a number of benefits for consumers, including helping them manage their energy use better, ending estimated billing and making it easier to switch between suppliers. In 2016, the government estimated that the rollout would cost £11bn, and achieve benefits worth £16.7bn.
 
The study will assess the current economic case for the roll out of smart meters.