Smart meters

Businesses will have access to the facility to test and develop new technologies

Nearly half are so scared of the prospect of a cyber attack in their home that they refuse to install a device

It is expected to be aided by advances in Internet of Things-enabled systems

The nation aims to install 35m smart meters by the end of the decade

A total of nine competition winners across the hospitality, retail and education sectors will explore new approaches to cut energy costs

Suppliers are required to set individual targets under the government’s rollout of the technology

Smart Energy GB says more than a third of drivers would be more interested in buying an EV if they had a smart meter at their home

Currently, consumers may lose the smart services provided by the technology when they switch to a different supplier

The government extended the date from July to October 2018 but the energy firm said it “repeatedly urged BEIS” to push the deadline for SMETS1 meters to at least 2020

The project is expected to deliver savings of between 10% to 25% per year on energy bills as well as reduce carbon emissions