The smart meter rollout has persevered at an increased annual rate despite a month-on-month decrease, spelling good news for Britain’s energy efficiency and smart data future.

The 203,000 installations recorded in February 2024 were eight percent down compared to January, but increased 12 percent compared to February 2023. Last month was the fifth consecutive month since October 2023 where installation figures were higher than the same time the year before.

There have been 22.688mn smart meter installations since ElectraLink records began in 2012.

First reported by Utility Week, a recent survey from the Department of Energy Security and Net Zero (DESNZ) found that most people have or plan to switch to a time-of-use tariff, indicating consumers are overall in favour of having smart meters for data accuracy and fair billing benefits.

In terms of regional installations, the usual regions remained in the top three for another month. East England had 25,000 installations, Southern England had 21,000 and the East Midlands had 19,000 installations.

Maps of GB showing regional installations of smart meters for the month of February 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.