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Not too smart an innovation: Britain's plans to switch consumers to smart electricity and gas meters

Not too smart an innovation: Britain's plans to switch consumers to smart electricity and gas meters

Thomas, Stephen D. (2012) Not too smart an innovation: Britain's plans to switch consumers to smart electricity and gas meters. Energy & Environment, 23 (6-7). pp. 1057-1074. ISSN 0958-305X (doi:10.1260/0958-305X.23.6-7.1057)

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Abstract

The high cost of meeting peak demand for electricity could be reduced if demand could be smoothed. Growth in the use of intermittent, renewable sources of energy will reinforce the need to be able reduce demand when necessary. “Smart” meters for electricity and gas could meet this need, and, by 2018, plans exist for all UK households to have them. However, the UK government’s cost-benefit analyses of smart meters for electricity make little mention of their most powerful capability: to set prices in real time, so that consumers pay high prices when supply is tight. Without this, the benefits of smart meters may not be enough to repay the huge cost of their installation. Officialdom’s silence on time-of-day pricing means that its impact on poor consumers is not addressed. With smart meters for gas, the case for introduction, even with time-of-day pricing, is equally unconvincing.

Item Type: Article
Additional Information: [1] Online Date Monday, December 03, 2012.
Uncontrolled Keywords: smart meter, energy, UK, European Union
Subjects: H Social Sciences > HC Economic History and Conditions
T Technology > TD Environmental technology. Sanitary engineering
Faculty / Department / Research Group: Faculty of Business > Public Services International Research Unit (PSIRU)
Related URLs:
Last Modified: 14 Oct 2016 09:23
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/9324

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