Smart metering

The smart meter project has come under increasing scrutiny, with the deadline to offer one to every home just over a year away. All eyes are now on the new government's approach to the project and when a new deadline is likely to be set.

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With bad debt risk spiralling for energy providers, and growing economic uncertainty for customers, both groups are seeking new ways to settle their energy bills. In a new technical white paper, Siemens make the case for leveraging two innovative technologies, Managed Credit and Open Banking, to realise a compelling fourth payment option, which strikes a unique balance between credit risk and operational costs.
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A study of 223 energy tariffs has shown just one in six (37) were available to customers who have had a smart meter installed. The research also shows customers with a smart meter pay £18 more than those without.
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Scottish and Southern Electricity Networks has announced plans to use near real-time smart meter data to detect and respond to power cuts. The company said the information will not only help to restore power supplies quicker in the moment but also inform investment decisions to improve long-term network performance.
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Energy retailers have an additional six months under the current smart meter rollout obligations before the new framework will be implemented, the government has announced. The Department for Business, Energy and Industrial Strategy has taken the decision to extend the current ‘all reasonable steps’ obligation by six months from 1 July due to the impact of the pandemic. This is the second six month extension due to Covid and will see the rollout deadline moved to 31 December 2025.
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'Decarbonisation’ is not well understood as a term used by the energy sector and may best be avoided when communicating with customers, an Ofgem survey has found. The regulator's latest gauge of consumer opinion also found low awareness of changes needed for decarbonisation of heat, including just 13 per cent familiar with the concept of hydrogen for heating.
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More than 12 million smart meters are now on the Data Communications Company’s (DCC) national network, the company has announced. DCC chief executive Angus Flett said the rollout has made good progress this year and that installations are increasing as Covid restrictions lift. BEIS has also released the latest installation statistics for Q1 2021.
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Energy retail is a state of upheaval – huge consolidation, tighter regulations and falling profits, but a wealth of opportunities lie ahead as we transition to net zero. In this comprehensively researched report, in association with Charles River Associates, we talk to 16 senior executives about the future, including in depth interviews with Greg Jackson, CEO of Octopus and Ed Kamm CEO Shell Energy.
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Smart electricity meter installations bounced back to pre-pandemic levels in April following the easing of lockdown restrictions, the latest numbers show. According to government figures there were 23.6 million smart and advanced meters in homes and small businesses in Great Britain as of 31 December 2020.
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Macquarie has sold its more than 600,000-strong industrial and commercial smart meter portfolio Cortex Metering Solutions. Cortex, which rents out the devices to more than 80 energy suppliers, has been acquired by multi-utility metering and data services business Energy Assets Group.
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Smart electricity meter installations have rebounded in Great Britain following the success of the Covid vaccination programme, according to the latest figures from Electralink.
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More than 7 million second-generation SMETS2 smart meters have now been installed in Great Britain, the latest figures from the Data Communications Company (DCC) show. According to the DCC’s website more than 3.8 million first-generation SMETS1 meters have been migrated onto its system, meaning they are interoperable.
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An “interoperability checker” allowing SMETS1 smart meter customers to check if they can switch supplier and retain smart functionality is due to be launched by the Data Communications Company (DCC). It is proposing a system which would give secure, free access (or at cost) to system data from its platform.
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