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Smart meter savings uncertain, says NAO

Savings from smart meter installation are uncertain, according to the National Audit Office.Installation of small meters for small businesses and consumers, which is estimated will cost consumers £11.

Savings from smart meter installation are uncertain, according to the National Audit Office.

Installation of small meters for small businesses and consumers, which is estimated will cost consumers £11.3bn, may not achieve value for money, the National Audit Office (NAO) said in a report on Thursday.

People may not change energy consumption habits over a prolonged period following smart meter installation, said NAO.