You are here: Home - Household Bills - News -

Smart meter installation ‘way off the mark’ despite deadline extension

Written by: Paloma Kubiak
Energy suppliers are still lagging when it comes to meeting the target for smart meter installations.

The latest quarterly smart meter statistics reveal that as of 30 September 2019, there were 15.6 million smart and advanced gadgets operating in homes and businesses across Great Britain.

This is an increase of 4.1% from the previous quarter and in the three months to September, 1.07m smart meters were installed by large suppliers.

This represents a 5.9% increase in installation rates from the previous quarter, and the 11th consecutive quarter where more than one million displays were installed.

Originally the government committed to smart meters being offered to every home and small business by the end of 2020. But this summer, the deadline was pushed back to 2024 and an installation target of 85% was given.

However, an energy expert estimates that given the current installation rates, suppliers won’t hit the 85% target until 2028 – a further four years after the extended deadline.

Peter Earl, head of energy at, said: “Despite a small uplift in the number of smart meters in operation, the current installation rate is still way off the mark if the 2024 target is to be achieved.

“If installations carry on at the current pace, we estimate that we won’t see a smart meter in 85% of homes until at least 2028 – four years past the recently revised deadline. The roll-out of smart meters has been riddled with problems from day one, including meters losing their smart functionality when a user switches supplier.

“With 3.1 million ‘smart’ meters known to be operating in ‘dumb’ mode, the public could be forgiven for being cynical about the benefits of these devices which, in theory, should provide more efficient and affordable energy.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Unfamiliar banks woo savers with top rates…is your money safe?

If you’ve been keeping an eye on the savings best buy tables, you’ll have noticed some unfamiliar names lu...

What the base rate rise means for you

The Bank of England has raised the base rate by 0.25% to 0.5% – following on from the increase from 0.1% to ...

How to get help with your energy bills

The rise in the energy price cap from April will mean millions of households will pay hundreds of pounds a yea...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week