2019 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: 2019 (data is from Sept 2018)
Category: Infrastructure - see all reports for this category
Description: The Government is committed to every home and small business being offered a Smart Meter 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/Red
DCA text: The Programme has made significant progress over the last 12 months. Installation of second generation smart meters (SMETS2 meters) is now the industry norm and around 14 million smart and advanced meters are operating across Great Britain.
Start date: 2009-12-02
End date: 2020-12-31
Schedule text: On schedule to meet the manifesto commitment for every home and small business to be offered a Smart Meter by 2020.
Baseline: £1,060.97m
Forecast: £1,064.04m
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: None

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