Smart meter rollout could be delayed for another decade
The government's new 2024 target is reportedly still too ambitious.
The government’s smart meter rollout may not be completed for another decade, experts have warned.
The original deadline for the scheme, which will see a smart meter installed in every UK home, was 2020 but earlier in the week, ministers announced it’s to be pushed back to 2024.
However, Mark Todd, the co-founder of Energy Helpline, now warns that this rollout will go on “for another decade at least.”
“So far, they've rolled out only about a fifth of the smart meters they need to,” he said. 'To do the other 40 million in five years looks too much. I think we're looking at 2030 as the end date.
The scheme has suffered setbacks like delays and customer reports that the older models they’ve received stop working if they switch suppliers.
Estimated costs have soared from £2.5 billion to £13.5 billion while the Mail claims that just over half of UK homes will have a smart meter installed by the 2020 deadline.
“When you crunch the numbers, 2024 is ambitious,” added Lily Green of Look After My Bills.
“There are around 16.6 million smart meters installed so far and only around two million are the newer, updated version. We are still miles off the 53 million target.”