Smart meter in-home displays will save Great Britain £6bn

New research published today predicts over £6bn savings on GB households gas and electricity bills from the In Home Displays (IHDs) offered to consumers as part of the smart meter roll out.

Commenting on the findings, Baroness Verma, parliamentary under secretary of state said:“ Consumer engagement is a key aim of the smart meter programme. We welcome this research which clearly shows the benefits to householders. In-home displays enable consumers to see what energy they are using and how much it is costing - putting them in control and helping avoid wasting energy and money.”

Howard Porter, CEO, BEAMA added: “Average results of trials in real homes achieved 9% reductions in electricity use, and, most importantly, these are maintained for at least 3 years. This puts paid to the sceptics who claim that IHDs will be looked at for a week and then put in a drawer never to be seen again.

“As well as being good news for householders it’s also good news for the environment. The carbon savings for electricity alone account for over 8% of the annual C02 reductions needed to hit the UK 2018-2022 carbon budget.”