A total of 4.2 million (8 per cent) of smart meters are currently operating in “dumb” mode, the latest statistics from the government have revealed.
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Greg Jackson, chief executive of Octopus Energy, believes a six to 12 month delay may give the industry sufficient time to resolve connectivity issues. He said the delays caused by the coronavirus pandemic will not be as long as those resulting from technology issues in the programme's early days.
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Macquarie’s Specialised and Asset Finance business has signed a deal with So Energy to install second-generation (SMETS2) smart meter devices. It is the first such deal Macquarie has signed with a challenger energy supplier and the first time it is offering installation and management of meters, through its partnership with Morrison Data Services.
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Centrica-owned British Gas installed the 4 millionth second-generation smart meter (SMETS2) in Kent. Last month a record 138 million messages were sent between SMETS2 meters.
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The energy regulator is considering issuing final orders to nine suppliers if they do not become DCC users. If the final orders are not acted upon, the suppliers may have their licences revoked.
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The Data Communications Company revealed British Gas installed the milestone meter. More than half-a-billion messages have been sent across its network.
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Smart DCC has also published a list of suppliers who are 'actively installing' the second-generation devices. The rollout was recently extended until 2024.
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Alongside its decision to extend the smart meter rollout deadline to 2024, BEIS has published its 2019 cost benefit analysis of the scheme. The government has said the rollout is now at a "breakeven" point.
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The government has announced the smart meter rollout deadline has been extended from 2020 to 2024. There have been ongoing concerns from within the industry that the 2020 deadline was all but impossible.
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The Data Communications Company (DCC) has announced that 2 million SMETS2 smart meters have been installed. SMETS2 devices are expected to iron out the issues faced by customers with first-generation (SMETS1) devices.
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The latest smart meter installation figures reinforced the long-held view that the 2020 deadline is now impossible. But, more worryingly the rate of installations among the large suppliers continues to fall month by month and according to one expert, the process is about to enter its most difficult phase.
Analysis
A total of 2.7 million “dumb” meters were operating as of 30 June this year, the latest statistics reveal - making up 18 per cent of the total installed so far. The figures for Q2 2019 show a 4.2 per cent increase in the number of smart meters in operation, compared to the previous quarter. However, they show a fall in the number fitted by the large suppliers.
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