By Paul Homewood
h/t Dave Ward
Energy companies are set to miss their targets for installing smart meters this year amid reports of supply chain and staffing issues.
Ofgem, the industry regulator, set domestic firms a target of installing nearly three million smart meters.
However, only 1.7 million were installed in the first nine months, according to new data from industry analysts ElectraLink. Reaching the target by the end of 2022 would require companies to nearly double their current installation rates.
Smart meters are key to plans to reduce demand for electricity and avoid blackouts this winter after the National Grid said that it would pay households to reduce their use during peak times.
However, customers have complained of long waits and faulty technology, even after asking suppliers to install the devices.
Installation rates have still not bounced back to their levels before the pandemic, when social distancing and…
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