A nationwide electricity smart meter implementation is under development by Northern Ireland’s Department for the Economy. The decision to go ahead with a smart meter implementation for electricity follows the completion of a cost-benefit analysis, which was prepared with KPMG and investigated a range of rollout scenarios.
Of these, a ‘fast’ rollout over six years starting in 2027 was found to deliver the highest ‘net present value’ of £301 million ($382 million, in 2022 terms) and a benefit-cost ratio of 1.57 and is the preferred option.
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