Energy: Tariffs

Baroness O'Cathain Excerpts

Thursday 13th December 2012 Lords Chamber

[Baroness Verma]

My Lords, we have looked at all aspects of reducing energy bills, even voltage optimisation, but we feel that the path we are taking is one by which we will be able to give a greater mix of energy supplies to consumers and a greater choice.

[Baroness O'Cathain]

My Lords, what is the future for smart meters? All the evidence suggests that smart meters, when installed in the home, cut the cost of electricity, but not to the detriment of heating. They seem to be able to do it in such a way, through the mechanics of the thing, as to benefit the consumer completely. Is the same attitude being taken by the energy companies as was taken by the water companies over the installation of water meters—“No, no, don’t go there, because if we do not install them they will have to pay for more water”?

[Baroness Verma]

My Lords, my noble friend raises a very important part of the work that the Department of Energy and Climate Change is undertaking. Rolling out smart meters in a mass rollout from 2014 will enable consumers to see how much energy they are using and to make choices about whether they need to reduce their own energy consumption. My noble friend raises the question of industry and suppliers. This is very much led by industry and energy suppliers—they are very involved in the rollout of smart meters. We are working collectively.