The United Kingdom: (Mckoys News)- The United Kingdom says customers of smart meters will save 11 pounds a year off their energy bill.
It was originally thought that the new meters would save consumers at least £26.
In one of the most critical reports yet on the £11bn programme, the MPs also said the government was now likely to miss its own deadline.
As many as 53 million of them are due to be installed by the end of 2020.
Grant Shapps, the chair of the British Infrastructure Group of Parliamentarians (BIG), said the programme had been “plagued by repeated delays and cost increases, with suppliers now almost certain to miss the 2020 deadline, and programme benefits likely to be slashed even further.”
The government said smart meters were putting consumers in control of their energy use, and were already benefiting millions of homes and small businesses across Great Britain.
Smart Energy GB, which is promoting the roll out of the smart meters, said: “All smart meters mean an end to estimated billing and give people a greater understanding of their energy use.
“Smart meters are also making prepay cheaper and more convenient, bringing the way we pay for our energy up-to-date, enabling customers to top up online or over the phone.”
Customers have financed the smart meter programme by paying a levy on their energy bills, while suppliers have frequently blamed the levy for rising costs.
However the report claimed most of the eventual savings would be made by energy firms, rather than consumers.
“The roll-out is consequently at serious risk of becoming yet another large scale public infrastructure project delivered well over time and budget, and which fails to provide energy customers with a meaningful return on their investment,” said Mr Shapps.
Contributed by Professor Colin O Jarrett