Public accounts committee says gas and electricity consumers will bear cost of installing meters likely to benefit suppliers most
The government’s £11bn roll-out of smart gas and electricity meters will cost every home about £215 over the next 15 years yet households will save at most just 3% a year on the average energy bill by 2030, MPs have warned.
Householders would save an average of just 2% on the typical annual bill of £1,328 until 2020, rising to £43 a year or 3% by 2030, the influential public accounts select committee said.