€1bn Smart Meter Project in Jeopardy (Ireland) – UK Sunday Times

IRELAND – THE future of a €1bn project to install electricity and gas smart meters in all homes and most businesses by 2020 could be in doubt after a recent cost-benefit analysis indicated savings, if any, would be minimal.

The report commissioned by the Commission for Energy Regulation (CER) — which is overseeing the planned rollout of the National Smart Metering Programme to more than 2m households — said the results were “marginally negative”.

It estimated that the project would result in the net loss of €54m in the most likely scenario. However, consultancy firm PwC, which carried out the analysis, said its findings should be interpreted as “broadly neutral” given the overall scale of the project and the significant uncertainty about many of the main cost assumptions.

But the latest results will come as a disappointment to the CER as a similar earlier study was largely positive about the combined benefit of smart meters for electricity and gas over a 20-year period. The updated review suggests the cost of the project could outweigh any benefit in all but the most optimistic scenario. The net losses could even be as high as €140m, according to the report.

The figures will also cause some unease for the government which has faced a barrage of criticism over the cost and implementation of the programme for water meters and which will be anxious to avoid a similar controversy in future.

Although there will be no upfront costs for consumers to have smart meters fitted in their homes, a CER spokesman said it was anticipated that the cost would be incorporated in distribution charges set by electricity and gas suppliers.

The energy regulator claims smart meters will result in cheaper energy bills for electricity and gas, more information on energy consumption and greater customer choice as well as reducing Ireland’s CO2 emissions and creating greater efficiencies for utility companies. The programme is designed to reduce electricity and gas consumption during the peak period of 5pm-7pm by encouraging consumers to avail of lower tariffs at other periods.

The recent cost-benefit analysis estimated the average residential household would achieve savings of €16.20 on their annual electricity bill and €18.52 on their gas bill. The CER stated further savings would be derived from electricity and gas suppliers not having to visit homes to read meters which should also be passed on to consumers.

The national rollout of smart meters had been originally scheduled to begin in 2015 but is unlikely to commence before 2018.

It is estimated it will be 2021 before all homes are fitted with smart meters.

A CER spokesman said the programme would proceed to its third stage which would involve a further cost-benefit analysis scheduled for autumn 2016 before any final decision is made with regard to smart metering.

A spokesman for the Department of Communications, Energy and Natural Resources said it was not in a position to comment on the latest figures for the smart metering project.

A spokesman for ESB Networks also declined to comment.

Seán McCárthaigh, The Sunday Times

Source: http://www.thesundaytimes.co.uk/sto/news/ireland/News/article1473011.ece

This entry was posted in Smart Meter and tagged . Bookmark the permalink.

18 Responses to €1bn Smart Meter Project in Jeopardy (Ireland) – UK Sunday Times

  1. Hamish says:

    Smart meters are a blatant violation of people’s privacy rights

    http://smartgridawareness.org/2014/11/02/smart-meters-violate-privacy-rights/

  2. geoffrey says:

    When the trans pacific partnership goes ahead, we will see these foreign corporations suing the fake governments of this colony if they decide to remove these death meters, and we, the people will pay for it, all stamped for approval by the WTO, IMF, BIS, UN and all the other evil acronyms. So no matter who you vote for we seem to be locked into this madness. The whole systems needs purging and rebooting before it’s too late.
    We had a true national bank once, that ended in the 1930s. Heres a good history on it http://www.restoreaustralia.org.au/history-of-the-commonwealth-bank/

    • Paul R says:

      Noooooooo! I’m already sick from EHS without smart meters in this state. How long do you think I’d live if they forcefully install these into our apartment block?

      • Happy Dissenter says:

        Politicians and corrupt greedy energy companies are spreading their filth to every territory and state…mark my words. A revolution needs to happen by our citizens to stop the scourge. Start stock-piling your energy Paul, because you will need it. It seems the video is not current on that link I posted. Anyway, united people win over scattered sheeple. Spread the word to anyone who will listen to you.

        • Paul R says:

          I rent so I don’t have the luxury of storing power or whether I can deny the installation of a meter. Plus, there are a row of apartments along the road that would likely have them installed under the illusion that they will save money. It’s bad enough that there are so many mobile base stations and wifi antennas in my area. It’s ridiculous!
          I’d love it if people actually listen to me. Sadly, no matter how down to earth I try to sound as I explain the SIMPLE logic and FACTUAL evidence that is out there, I still come off as one of those conspiracy ‘nuts’. Some people are so dumb that they won’t worry about something until they are affected to such degree that they start to panic. Even then some people would still ignore the evidence and explain the problem as something else.

          • sdjm says:

            So true Paul, the majority of people actually do lack common sense and compassion – we all suffer because of their ignorance, laziness and total lack of regard for the truth…. what will happen now is anybodys guess, still so many just don’t want to know, or don’t care?

          • Paul says:

            You are not a ‘conspiracy nut’ and neither am I. For some time now I have been trying to get people to read all they can about the UN’s Agenda 21, of which smart meters are a small part, yet I too am branded as a ‘conspiracy nut.’

            Agenda 21is out there and is slowly manifesting itself into every aspect of our lives under the guise of sustainability.

  3. Anonymous says:

    Hi,

    Yes the PEOPLE of Ireland have decided “enough ie enough” we have marches ( following on from the march in Dublin three weeks ago where 150,000 people protested) planned next Saturday ( in every town, village and city in Ireland) and we have the government on the run!!!! Watch out all the fat cat politicians and their cronies!!!!!

    Regina Walsh
    Cork City
    Ireland.

    • Citizen for Democracy says:

      150,000 people marching – that’s really awesome and inspiring, Regina!
      Power to the people of the Irish Republic!

    • Gwen says:

      Good on the PEOPLE of Ireland. Thanks Regina, it’s very encouraging when everyone takes a stand for the people.

    • Paul says:

      Good one Regina! Never forget that you and and the other Irish people are the true bosses, which our politicians all too easily forget.
      We have a state election coming up on the 29th of this month where we (Stop Smart Meters Association) hope to have a few of our own people elected in an effort to stop this insanity.

    • Sick Of Their Lies says:

      Hi Regina,

      What an amazing effort by the people of Dublin. 150,000……. that’s incredible.
      Keep on fighting. Hope you march those fat cat pollies and their slimy cronies, right out of town, all across the land.

  4. Rik says:

    Smart Meters DON’T lower your bill. YOU are the ones who pay for a replacement meter as they only have a lifespan of 2-5 years so you will keep replacing them over and over where us with the old meters are still on the original meter which doesn’t ever need replacing.

    Smart Meters are a lie. They aren’t helpful at all. They are the new pollution so who benefits? Only the electricity companies and the government who is paid to allow them to go ahead.

    Other countries have already said no to them. Maybe other governments need to look at ALL the studies good and bad and see whats best for its people.
    The Victorian government NEEDS to listen to its people especially now before the election otherwise it will have to look for a new job as it wont be there for much longer. THE PEOPLE HAVE SPOKEN! LISTEN TO THEM!

    • Citizen for Democracy says:

      Please, remember to vote for ‘People Power Victoria – No Smart Meters’ on the 29th of November. We need to send a loud and strong message that will reverberate across our nation and across the world hopefully!

  5. Peter says:

    This reads like a carbon copy of the Victorian Auditor Generals report of 2009, what happened here in Victoria? The report was totally ignored and the rollout went ahead regardless!
    We now have our prime minister telling businesses it will ‘review the tax system to suite them’!
    There is little doubt now who is running this country, it certainly is not the Government of Australia Incorporated!

  6. Hammer Mann says:

    Hooray,
    Looks as if Ireland is certainly learning the truth of the so-called Smart Meters being a Right Furfy in the Irish vernacular.

Leave a comment

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s