Speaking at an SBGI conference in London yesterday, David Green, sales and marketing director of smart metering at Smart Reach, said that even if smart meters were installed and up and running first time in 95 per cent of homes, secondary visits to the remaining 1.45 million could cost £745 million.
“That’s a significant impact on large suppliers, given their margins,” said Green.
Green claimed the consortium had scored a 99 per cent first time success rate when connecting 800,000 smart meters in Nevada.
Smart Reach is made up of Arqiva, BT, BAE Systems Detica and Sensus.