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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.