Energy: Meters

Energy and Climate Change written question – answered on 11th July 2012.

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Photo of Guto Bebb Guto Bebb Conservative, Aberconwy

To ask the Secretary of State for Energy and Climate Change what estimate he has made of the relative equipment and support costs for the available smart meter solutions.

Photo of Charles Hendry Charles Hendry The Minister of State, Department of Energy and Climate Change

In April 2012 DECC published updated impact assessments for the roll-out of smart meters in the domestic and non-domestic sectors. These estimate total costs of £11.5 billion and total benefits of £18.6 million, giving a net benefit of £7.2 billion. Of the total costs outlined in the impact assessments, equipment costs are estimated at £5.3 billion, which includes smart electricity meters, smart gas meters, In-Home Displays and in-premise communications equipment. Overall, considering both costs and cost savings to energy suppliers and energy savings by consumers, we expect the roll-out to reduce the average, annual gas and electricity bill by £25 by 2020.

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