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Electricity: Meters

Energy and Climate Change written question – answered on 3rd September 2012.

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Photo of Alex Cunningham Alex Cunningham Labour, Stockton North

To ask the Secretary of State for Energy and Climate Change whether his Department has put in place measures to ensure that any costs incurred by suppliers relating to the early smart meter roll-out are not passed on to consumers.

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

The Government published a smart meter Monitoring and Evaluation Strategy on 31 May 2012. This document sets out how the Government intends to monitor and report on supplier costs and efficiency savings arising from the smart meter roll-out, including those from early installations. We expect any costs to energy suppliers to be recovered through energy prices, but also the larger amount achieved through efficiency savings would be reflected in prices as energy suppliers are subject to competitive market pressures. Consumers will also make energy savings from the rollout. Overall, and considering both cost and costs savings to energy suppliers, as well as energy savings to consumers, we expect savings on energy bills for the average dual fuel customer of £25 per annum. Annual reporting is expected to start around the end of 2014.

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