To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the potential merits of introducing smart homes as part of development of social housing stock.
The Government is working closely with Ofgem and industry to support the transition to a smarter, more flexible energy system. Our Smart Systems and Flexibility Plan sets out a suite of actions to facilitate the deployment of smart technologies in homes and businesses. Smart technologies drive decarbonisation, can help consumers save money, and improve the efficiency of our energy system – saving the UK an estimated £17-40bn by 2050.
There were around 19.3 million smart meters installed in homes across Great Britain by the end of 2019, enabling households to track and manage their energy use and prepayment customers to top-up credit without leaving home. The half-hourly consumption and price data recorded by smart meters is enabling innovative products such as smart tariffs, which allow consumers to save money by using energy away from peak times and technologies such as electric vehicles and smart appliances to be cost-effectively integrated with renewable energy sources.