The smart meter rollout started strong in 2024 recording a 30% increase in installations in January compared to December 2023.

Energy suppliers delivered 221,000 installations last month – a 21 percent year-on-year increase in addition to the month-on-month spike.

This total also marks the highest number of January installations since January 2020 before the Covid pandemic first affected the programme. By April that year, installations had dropped to just 12,000 due to government-imposed social distancing restrictions.

The pace and efficiency of the smart meter rollout continues to raise discussions in the energy sector and beyond. A recent report compiled by PA Consulting, commissioned by Smart Meter Assets and with data from ElectraLink, revealed that 94% of smart meters removed from service are non-faulty. This costs billpayers an estimated £70mn a year and uses installation resources that could otherwise replace traditional meters instead of functioning smart meters.

There have been 22.48mn installations since ElectraLink started recording the rollout in 2012.

The usual regions with the most monthly installations showed good results in January. East England had 27,000 installations, followed by southern England with 25,000 and the East Midlands with 21,000.

Map of GB showing smart meter installations by region for month of January 2024 and cumulatively since 2012

These insights were provided by ElectraLink’s Data Transfer Service (DTS) Operations Team. For any questions on the information or data sources, please contact [email protected].

Learn more about how data for communication, including smart meter and energy market data insights, can help your organisation.

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NOTES:

These figures represent electricity smart meter installations in GB. Visit the DESNZ 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.