Smart Meters - Question

Part of the debate – in the House of Lords at 2:53 pm on 8th July 2019.

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Photo of Lord Henley Lord Henley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy) 2:53 pm, 8th July 2019

My Lords, the figure I quoted was bill savings of some £1.2 billion, but I accept that the noble Baroness misheard me. We expect a net benefit of some £5.7 billion from the rollout as a whole. Again, I would prefer to write to the noble Baroness with estimates as to what individuals could save, but obviously, it will depend on how the individual makes use of the smart meter. The point of the smart meter is that it makes it easier for the individual to keep an eye on their electricity or gas use and therefore to make the appropriate savings we would all like, both in the use of energy, which is important, and in money for the individual.