I had a water meter installed last year and a colleague at work has just made the same change, thus the subject of metering arose this morning in conversation. I was surprised that the water companies weren’t using some sort of smart meter but are using meters that require somebody to go and read them every six months. My colleague recalled that he had seen an article that promised smart meters for all. After some searching he located it and discovered that it only covered gas and electricity. What I couldn’t get over were the figures. According to the article, presumably the value came from page 32 of this, the cost will be £9,000,000,000. The savings are reckoned to be £100,000,000. That is a payback period of 90 years!
Who in their right mind would think that that was a good idea?