Every home in the UK should have a Smart Meter installed by 2019, according to the results of the Government’s consultation announced today.
Not only will this put an end to estimated bills – which Good Energy knows are not popular with many customers – but Smart Meters will make it much easier for households to track their energy consumption and therefore reduce it – saving both money and carbon. The Government estimates that Smart Meters will save the average household about £23 a year.
According to Secretary of State for Energy and Climate Change Chris Huhne: “Smart Meters are a key part of giving us all more control over how we use energy at home and at work, helping us to cut out waste and save money.”
For energy suppliers like us, Smart Meters should also help us reduce our costs in the longer-term– a benefit that we would pass on to our customers – by giving us more accurate data about energy usage at home.
And they will also be one of the building blocks for the UK’s 100% renewable energy future, as they will facilitate a ‘Smart Grid’ which will be able to manage supplies more efficiently, for example by automatically turning appliances on and off to reduce demand or make the most of intermittent wind power. Good Energy will be helping to influence the way the Smart Grid develops – our commercial director Chris Welby has been appointed to the Government’s Smart Grid forum. This group of 15 individuals will advise the Government on what the ambition of the Smart Grid should be, and how we should get there.
While some customers have been concerned that unscrupulous energy companies might use Smart Meter installation as an excuse to cross-sell other products to the householder, this will be specifically forbidden by an installation code of practice developed by the industry.
“Smart Meters will revolutionise customers’ relationship with their energy,” says Andy Blackett, our Head of Metering. Here at Good Energy, we are already trialling Smart Meters with a few of our flagship and large business customers, including Friends of the Earth and Greenpeace as well as in our own offices. Rolling them out to all our customers is going to require substantial investment and present some big logistical challenges. “We’re developing our plans and propositions right now but we’re still at the stage of understanding their full possibilities so it’s pretty exciting,” Andy adds.