{"value":{"id":77584,"askingMemberId":4119,"askingMember":null,"house":"Commons","memberHasInterest":false,"dateTabled":"2014-07-14T00:00:00","dateForAnswer":"2014-07-22T00:00:00","uin":"205668","questionText":"To ask the Secretary of State for Energy and Climate Change, what estimate he has made of the proportion of properties in which the costs of installing a smart meter will outweigh the benefits.","answeringBodyId":63,"answeringBodyName":"Department for Energy and Climate Change","isWithdrawn":false,"isNamedDay":true,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":3983,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2014-07-22T00:00:00","answerText":"<p>The Government’s Smart Metering Impact Assessment estimates a net present value benefit of £6.2bn based on present value costs of £10.9bn and present value benefits of £17.1bn for an appraisal period up to 2030.</p><p> </p><p>The modelling underlying the cost benefit analysis for smart metering considers the impact on the average household.</p><p> </p><p>Our modelling approach does not allow us to estimate the proportion of properties where the costs of installation could exceed the benefits.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":null,"attachmentCount":0,"heading":"Energy: Meters","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/77584","method":"GET"}]}