Business Secretary Greg Clark has committed to publishing a revised Cost Benefit Analysis (CBA) for the smart meter rollout “before the end of the year”. In a letter sent to Business, Energy and Industrial Strategy (BEIS) Committee Chair Rachel Reeves on 30 March and published in April by the BEIS Committee, Clark said that the rollout of smart meters is set to deliver an “estimated £5.7bn over the lifetime of the programme, and smart meters are estimated to take £300mn off energy bills in 2020 alone”. In the same letter, Clark also said the research to develop zero emission options for all types of HGVs is on track to be delivered in April 2019. Additionally, he said that BEIS will review the On-street Residential ChargePoint scheme “later this year” to disseminate the experiences of Local Authorities that have delivered projects and to understand how the scheme might be improved to provide more charging facilities for local residents.

BEIS Committee