@nickhunn on GB’s Smart Metering project: “it is now clear that there is no economic case for continuing the current programme”
Last week the British Infrastructure Group (BIG), comprising 93 Members of Parliament and the House of Lords, delivered a devastating report on the British Smart Metering Project.
Titled “Not So Smart”, their headline assessment is that it is a “roll-out which is set to become yet another large scale public infrastructure project delivered well over budget which fails to deliver the expected benefits.”
The consequence is that it is now clear that there is no economic case for continuing the current programme. All that is going to happen is that our energy bills will go up to pay for this fiasco.
If the costs rise to £20 billion and the meters only have a ten year life, that means everyone will see their energy bill go up by around £67 a year. The Government plan has always been to pass these costs on to consumers, which is a cunning trick.
It means the costs don’t appear on the Treasury books. If they did, the project would almost certainly have been cancelled by now.