Smart meters 'may lead to an increase in fuel poverty'
Government plans to install a smart meter in every British household could force a "significant increase" in fuel poverty because the cost of the programme could far outweigh the savings, the Public Accounts Committee will warn today.
Some 53 million electricity and gas smart meters will be installed in British homes and small businesses between 2014 and 2019 to provide a live display of energy costs and consumption.
The Government says consumers will bear the estimated £240-per-household cost of installing them but will recoup most of their outlay – and many should make a profit – as greater scrutiny of their energy consumption brings down usage.
But the PAC's report doubts whether the smart meters will reduce energy consumption by much and says the installation costs will hit poorer consumers especially hard.
Margaret Hodge, who chairs the PAC, said the meters were a good idea in theory, but that the Government's proposals of how it will work are "both challenging and subject to significant uncertainty".
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Brazil vs Germany World Cup 2014: In defence of Mesut Ozil - the Arsenal midfielder works magic in the shadows
- 3 Do you know this man? Amnesia sufferer found in park pleads for help in identifying who he is
- 4 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Jennifer Lawrence face palms Emma Watson at Christian Dior show in Paris
Mick Jagger denies being World Cup curse and reason for Brazil’s embarrassing defeat
Gingers face extinction due to climate change, scientists warn
Do you know this man? Amnesia sufferer found in park pleads for help in identifying who he is
Sustained immigration has not harmed Britons' employment, say government advisers
British jihadist calls for 'flag of Islam' over Downing Street and Buckingham Palace
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
iJobs Money & Business
£60000 - £75000 per annum: Harrington Starr: Business Analyst Consultant (Fina...
£60000 per annum: Harrington Starr: A leading provider in investment managemen...
£600 - £700 per day: Harrington Starr: AVS, JVS Openlink Endur Developer JVS, ...
£30000 per annum: Harrington Starr: A global leader in trading platforms and e...