Smart meters 'will save £23 a year' - 31/03/2011
More people could be looking to switch gas tariffs soon as it has been revealed the new smart meters save an average of just £23 a year.
According to the Telegraph, the digital devices touted by the government will deliver a saving of two per cent on the average annual gas and electricity bill of £1,132 by 2020.
This comes after the Department for Energy and Climate Change announced customers will pay for the £11.3 billion smart meter rollout through their utility payments.
However, the government claims the initiative will save consumers £6 billion and cut costs by £11 billion for energy suppliers, which could appear in the form of cheaper bills.
Chris Huhne said: "Smart meters are a key part of giving us more control over how we use energy at home and at work, helping us to cut out waste and save money."
The rollout is due to start in 2014.
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