£7 Billion to save £3.6 Billion - Miliband's Big Brother Plan
Smart meters for all homes – but families will foot bill - Scotsman.com News
AN INNOVATIVE "smart meter" will be installed in every home in the UK to encourage energy saving, under plans announced yesterday.
The gadgets, which will replace traditional electricity and gas meters, will display how much energy is being used at any one time.
The gadget will also show how much the energy is costing, and a red light will warn if a particularly large amount of gas or electricity are being used.
The UK government's plan to install the devices in all 26 million homes by 2020 was widely welcomed yesterday.
The initiative will be paid for by energy companies – but with the prices expected to be passed on to the consumer.
It is estimated the initiative will cost £7 billion, but ultimately save as much as £3.6 billion by 2020 ....the devices will enable precise information on a household's energy use to be communicated remotely to power companies.
Energy and Climate Change Secretary Ed Miliband said: "The meters most of us have in our homes were designed for a different age, before climate change.
So I will pay through the nose so that Ed, or Ed's successors, can check on how much juice I'm using at any time. I would love to see the red lights flashing as I applied the electrodes to his scrawny chicken-skinned body but otherwise count me out.