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Every home in the UK must be fitted with an “energy smart meter” by 2020 to reduce energy use and eliminate estimated bills, under plans revealed by the government this week.

The new energy smart meters track real-time energy usage and send data about consumption in households and small businesses direct to utility companies. They could save suppliers and customers £2.5-£3.6bn over the next 20 years, according to the government, but will cost more than double this to install.

Launching a new consultation today on how the energy smart meters should be introduced, the Department for Energy and Climate Change (Decc) claimed the compulsory scheme will be the biggest electricity and gas smart metering project in the world.

Ed Miliband, the energy and climate change secretary, said: “The energy smart meters most of us have in our homes were designed for a different age, before climate change. Now we need to get smarter with our energy. This is a big project affecting 26 million homes, and several million businesses, so it’s important we design a system that brings best value to everyone involved.”

Source & Full Article; The Guardian

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