Five-fold increase in smart meter installation rate needed to meet 2020 target, says KPMG

Five-fold increase in smart meter installation needed

In response to this week’s BEIS quarterly update on smart meter roll-out, Amy Marshall, Power & Utilities Director at KPMG comments.

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In response to this week’s BEIS quarterly update on smart meter roll-out, for the period to 30 June 2016, Amy Marshall, Power & Utilities Director at KPMG comments:

“The number of smart and advanced meters operating in UK homes and small businesses now stands at 4.2 million, as the race towards hitting the 2020 Government target intensifies. 

“When looking behind the headline numbers at larger smart meter suppliers (over 250,000 customers), it is clear that the installation rate for domestic smart meters is accelerating at a much faster pace (15 per cent increase) than small non-domestic meters (13 per cent decrease), versus Q1 2016.

“Once the Data Communications Company (DCC), which will deliver the infrastructure to support the mass roll out, goes live we expect to see installation rates increase rapidly. Based on the smart meter figures released this week, almost one million meters will need to be installed every month between now and the end of 2020 to ensure all 53 million homes are ready by 2020. This is a huge challenge for the industry, with an average of less than 200,000 meters currently being installed per month by larger suppliers in 2016.”

 

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Media enquiries:

Ann Burton
T: 020 7311 6497
E: ann.burton@kpmg.co.uk

 

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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 12,000 partners and staff.  The UK firm recorded a turnover of £1.9 billion in the year ended September 2014. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 155 countries and has 162,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such

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