Telensa say smart technology is needed, as smart meter installation hits a snag
After the Chair of the Business, Energy and Industrial Strategy Select Committee Rachel Reeves announced that the smart meter installation programme has met "massive delays", we reflect on calls for the use of more smart technology in cities by Telensa during the recent publication of the Energy and Environment Edition of The Parliamentary Review. In response to a National Audit Office Report, Reeves admitted that because of rising costs, it was unlikely the 2020 target would be met.
The government had intended for all homes in Britain to have been offered the option of having a smart meter installed by 2020, but the report has suggested that costs may rise by as much £500 million. Telensa, a Cambridge based tech firm, specialise in smart technology that aims to improve energy efficiency in cities and in their recent contribution they highlighted the potential benefits of similar solutions.
- Smart meter installation rollout delayed and could cost government up to £500 million
- Smart technology Telensa highlight the impact of smart energy solutions.
CEO Will Franks said "smart city solutions are about improving the lives of citizens while at the same time reducing the overall running costs by improving efficiency". While Telensa have set their sights on implementing their innovative traffic systems around the world, they highlighted "cities can become smart by making better decisions based on better data", and this can certainly be applied to the UK.
In Reeves statement, she looked to explain how the increased costs would affect the government's 2020 target for the completion of the smart meter rollout. Referring to the potential impact on consumers, she said "It’s important that consumers are genuinely able to realise the savings available from having smart meters installed in their homes".
In the NAO report, the publication of which led to Reeves' statement, they suggested that the government should create a new target as they had "no realistic prospect" of being able to meet the current aim in place. The report also suggested that around 70 per cent of meters stop working when the homeowner decides to switch energy provider.
Research from Which? showed that for the government to meet their existing target, they would need to install around 30 smart meters a minute. Currently, however, only around ten meters are being installed a minute, while there are almost 46 million meters that require replacing.
Despite the delays, Telensa argue that the future of smart technology is bright. Whether smart technology is being applied to energy, city planning or transport they explained that "technology has the potential to change the way cities work". In order to read Telensa's full contribution to The Parliamentary Review their article is available here.