The IOD says the Government's flagship energy project is “a bit of a mess” and should be halted

The government initiative, that was set to save consumers money on their energy and heating bills, has been criticised by the Institute of Directors amidst accusations that it is behind schedule, out-of-date with the latest technology, and has privacy and security issues.

When the project was announced in October 2015, consumers were told that “most homes should have one by 2020” in Great Britain. However, only 2.3 million energy smart meters have been installed across the UK and the project is so far behind schedule that many are calling for it to be scrapped.

The smart meters were supposedly meant to “send an electronic meter reading to your energy supplier, meaning they won’t need to take a manual meter reading, you won’t get estimated bills [and] it’ll be easier to switch energy suppliers.”

The Institute of Directors released a statement saying that the “Government must halt [the]  flawed smart meter programme” and believe the only solution is to take a step back and re-evaluate saying: “Other, cheaper alternatives exist to enable accurate and automated metering, including simple bits of kit consumers can clip on to their existing meters. Carrying on full-steam ahead with the current programme, ignoring falling energy prices, in order to avoid embarrassment is simply not justifiable.”

The Institute of Directors added: “The truth is that most of the meters going in at the moment will only give each household a paltry energy saving of 2 per cent a year, while actually making it harder for them to switch energy provider as the kit is not compatible with multiple suppliers.”