The government wants the smart meter rollout to save consumers money and help contribute to the reduction in carbon emissions as it seeks to hit its net-zero target by 2040. It hopes that the rollout could result in the slashing of carbon emissions by 45 million tonnes.
Before the pandemic, around 19,000 smart meters were being installed every day. With lockdown enforced that figure plunged putting more pressure on suppliers to hit the already tight deadline.
“Smart meters are playing an important role in helping the UK deliver a cleaner and more efficient energy system, with the added benefit of also saving tens of billions of pounds in the process. By allowing households to conveniently track their energy use, and prepayment customers to more easily top-up credit, we are working with industry to safely install even more across the country in a way that keeps consumers and suppliers safe”, Minister for Climate Change, Lord Callanan.
Under the new plans, a four-year policy framework with annual milestones will be introduced following the six-month extension.
The government warned that if energy suppliers failed to hit these targets (that will be agreed upon with the industry) and are unable to prove they used all options to hit it then energy suppliers with fines. The ambitious new targets are likely to be introduced in July 2021.
For energy suppliers, the smart meter rollout has been a persistent headache. To hit the government’s ambitious targets, they need to convince their customers of the benefits of having a smart meter installed. Something that is no easy feat.
There are some legitimate concerns that consumers may have when it comes to smart meters and while those should not be dismissed an energy supplier should press home the fact that the benefits outweigh the negatives. The main benefits that should be highlighted include:
Suppliers need to be aware that while various aspects of smart metering can provide big benefits for them, a customer most likely won’t care about that. They want to know what’s in it for them, so try to see the situation from their perspective. By doing that, then customers will be far more receptive.
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