{"value":{"id":77600,"askingMemberId":1545,"askingMember":null,"house":"Commons","memberHasInterest":false,"dateTabled":"2014-07-14T00:00:00","dateForAnswer":"2014-07-17T00:00:00","uin":"205512","questionText":"To ask the Secretary of State for Energy and Climate Change, what estimate his Department has made of the total cost of purchasing and installing smart meters in homes; and how it is intended that the costs will be recouped.","answeringBodyId":63,"answeringBodyName":"Department for Energy and Climate Change","isWithdrawn":false,"isNamedDay":true,"groupedQuestions":[],"answerIsHolding":false,"answerIsCorrection":false,"answeringMemberId":188,"answeringMember":null,"correctingMemberId":null,"correctingMember":null,"dateAnswered":"2014-07-21T00:00:00","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>The Government expects that both costs and cost savings will be passed to consumers by competing energy suppliers through energy bills as is the case with traditional meters.</p>","originalAnswerText":"","comparableAnswerText":"","dateAnswerCorrected":null,"dateHoldingAnswer":"2014-07-17T00:00:00","attachmentCount":0,"heading":"Energy: Meters","attachments":[],"groupedQuestionsDates":[]},"links":[{"rel":"self","href":"/Questions/77600","method":"GET"}]}