The number of monthly smart meter installations taking place is slowing this year compared to 2022, according to the latest data from ElectraLink. There were 170,000 installations across GB in April 2023, marking the fourth consecutive month that installation figures have been lower than the same month a year before.
April’s installation figure is nine per cent lower than April 2022 and 20 per cent less than March this year. A similar trend occurred at the same time last year, but monthly installation rates were higher in 2022 than in early 2021 when the UK was in a lengthy Covid-19 lockdown.
Energy suppliers are still expected to meet Ofgem’s annual installation target of over 50 percent of customers with a smart meter by the end of 2023. Suppliers have to meet the full, 100 per cent smart meter penetration target by the end of 2025.
Approximately 747,000 smart meter installations have taken place so far in 2023 and 20.45mn since the rollout began.
The installation rates in different regions have maintained their consistent rankings compared to previous months. East England led the way with 23,000 installations, surpassing Southern England’s 19,000 and the East Midlands’ 17,000 installations.
These insights were provided by ElectraLink’s Data Transfer Service Operations Team. For any questions on the information or data sources, please contact our helpdesk at [email protected].
Visit the SmartInsight page on our website or call 020 7432 3012 for any questions about our energy market data services.
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NOTES:
These figures represent electricity smart meter installations in GB. Visit the Department for Energy Security and Net Zero’s website for the latest dual fuel smart meter reports.
The analysis is based on the D0150 data flows transmitted across our network and we believe capture the vast majority of electricity smart installs.
The users of the DTS have given ElectraLink permission to intercept and analyse this, and other data flows, subject to certain conditions.
Our analysis defines smart meters as those models with the capability to handle time of use tariffs and which can be remotely updated.
For installations after September 2013, we count all meters flagged as SMETS1, SMETS2 or non-SMETS. For installations before the industry standard designation was agreed, the allocation is based on the make and model of meter.
