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Q119 Domestic Smart Metering Market Report

Oliver Archer Oliver Archer Analyst

Rollout pace continues to fall as SMETS2 issues abound The smart meter installation rate fell again in Q119, for the third consecutive quarter, as suppliers prepared for the SMETS1 end date amid uncertainty over the viability of SMETS2 meters. 689,720 meters were installed between the start of the year and 20 February 2019 (our new first quarter reporting date), reflecting a shorter reporting period, but also a drop off in installations from 18,900 a day in Q218 to 13,500 a day in Q219. As can be seen in Figure 1, installation rates would now need to almost quadruple to meet the 2020 target, with over 51,000 meters needing to be installed every day between 20 February and the end of 2020.  Although more achievable, installations would still need to increase by 5,700 a day to meet a theoretical 2023 deadline. Availability of SMETS2 meters was again a major contributing factor to the drop off in rollout rates. Many suppliers whose strategies had focused on SMETS2 found themselves with limited access to meters. A number of small and medium suppliers (SaMS), including Bulb and Pure Planet, only began installing SMETS2 meters in February 2019 despite plans for much earlier rollouts. These issues have been further aggravated by anecdotal reports of network problems in ...

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