The UK smart meter transition: industry structure, market power, and interoperability

Knowledge Problem

The UK government started an energy digital smart meter rollout in 2008, an “… £11bn scheme to put 53m devices in 30m homes and small businesses by 2020” to yield an estimated gross benefit of £16.7bn. Calling the rollout a disaster would be generous — it’s behind schedule, about £1bn over budget, and full of technical and economic problems that make a fantastic public policy case study in what not to do. Good media reporting is bringing needed attention to what’s happening, but the media discussion is missing a lot of what the economic value proposition of meters can, and should, be.

These implementation problems have real consequences for British consumers, and could slow or undermine the substantial economic and environmental benefits associated with energy network digitization. Since early 2017, diligent reporters at the Daily Telegraph have investigated the problems and cost of having to replace millions of meters…

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This entry was posted in applied price theory on by .

About Jim Rose

Utopia - you are standing in it promotes a classical liberal view of the world and champion the mass flourishing of humanity through capitalism and the rule of law. The origin of the blog is explained in the first blog post at https://utopiayouarestandinginit.wordpress.com/2014/03/12/why-call-my-blog-utopia-you-are-standing-in-it/

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