2018 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: BEIS (D1198) - see all reports for this organisation
Report year: 2018 (data is from Sept 2017)
Category: Infrastructure - see all reports for this category
Description: The Government's vision is for every home in Great Britain to have smart electricity and gas meters by 2020. 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: The most recent IPA review assessed the Programme as Amber. This reflected good progress but recognised that there remained a number of areas requiring close management attention.
Start date: 2009-12-02
End date: 2020-12-31
Schedule text: On schedule for 2020 subject to energy suppliers accelerating their rollouts in line with their plans provided to Ofgem.
Baseline: £736.51m
Forecast: £737.76m
Variance: 0.00%
Variance text: Budget variance less than 5%
Whole Life Cost: £17,215.78m
WLCost text: The total budget whole life cost figures in this return are presented in undiscounted nominal terms, for comparability with other programmes. The figure differs from the total cost figure forecast in the Smart Meter Programme's 2016 Cost-Benefit Analysis (CBA), which expresses net costs and benefits over 2013-30 in 2011 real prices and discounted to 2016 present values (in line with HM Treasury appraisal guidance) giving net present value benefits of £5,746m.
Sourcefile: IPA_2018.csv

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