An £11 billion plan to install 50 million smart meters in homes in England, Wales and Scotland by 2020 has been thrown into chaos by proposed EU reforms to Britain’s electricity market.
Many of the two million meters that have already been installed may have to be removed or reprogrammed under the scheme, experts warned.
Wholesale electricity in Britain is traded in half-hourly intervals, unlike in Germany and most of the EU, where it is in 15-minute periods.
The EU wants to harmonise the UK’s electricity market with the rest of Europe, which would mean smart meters having to record…
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