The smart meter rollout in GB’s energy market has continued to mirror last year’s trends as installations increased significantly last month. There were 197,000 installations in May 2023 – five percent less than May 2022 but 16 per cent more than the previous month.

Last month, ElectraLink reported that the number of monthly smart meter installations taking place is slowing this year compared to 2022. Every month of 2023 has reported installations totals lower than the corresponding months a year before.

Installation rates in 2020 and 2021 were significantly different due to Covid-19 lockdowns affecting engineer field visits.

There have been 944,000 installations so far in 2023 and 20.65mn since the rollout began over a decade ago.

Regional installation rates have played out as expected based on previous months’ figures. East England led the way with 26,000 installations, surpassing Southern England’s 22,000 and the East Midlands’ 20,000 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.