2016 Report details for project: Smart Metering Implementation Programme

Project name: Smart Metering Implementation Programme - there are 7 reports for this project: 2013, 2014, 2015, 2016, 2017, 2018, 2019
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Organisation: DECC (D11) - see all reports for this organisation
Report year: 2016 (data is from Sept 2015)
Category: Infrastructure - see all reports for this category
Description: By the end of 2020 every household and small business will have been offered Smart electricity and gas meters. Smart Meters will give consumers up-to-date information about how much gas and/or electricity they have used in pounds and pence, as well as units of energy. Smart meters will have benefits for consumers, suppliers and energy networks. Consumers will have near real-time information about their energy use, enabling them to monitor and manage their energy consumption, save money and reduce carbon emissions. Switching between suppliers will also be made simpler and faster. Energy suppliers will have access to accurate data for billing and will be able to offer a wider range of services and tariffs. Energy networks will have better information to manage and plan current activities and support the move towards the development of a smart grid.
DCA (RAG): Amber
DCA text: A MPA Gate 0 Review in March 2015 assessed the Programme as Amber. This reflected the good progress made since the last Gate Review in 2014, but acknowledged that there remained a number of areas requiring close management attention by the DECC programme team. Action is underway or complete against all recommendations. The Programme needs to continue to work closely with multiple cross-industry delivery partners to ensure Programme success.
Start date: 2009-12-02
End date: 2020-12-31
Schedule text: On schedule for 2020. (The Data and Communications Company (DCC) has drawn on some planned contingency. The DCC Live date remains August 2016.)
Baseline: £12.00m
Forecast: £12.00m
Variance: None%
Variance text: Budget variance less than 5%.
Whole Life Cost: £19,261.09m
WLCost text: The total budgeted whole life costs figure in this return is presented in undiscounted nominal terms for comparability with other programmes. The figure differs to the total cost figure in the January 2014 Smart Meters Implementation Programme Impact Assessment which is expressed in 2011 real prices and discounted to present values (in line with HM Treasury appraisal guidance); the total cost figure in the 2014 IA is £10,927m, which is expected to generate a total benefit of £17,141m, resulting in a net present value benefit of £6,214m.
Notes1: Smart Meters Implementation Programme Budget variance less than 5%.
Notes2:
Sourcefile: IPA_2016.csv

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Acknowledgement: GMPP data has been re-used under the Open Government Licence.