Metering is a central issue in the gas and electricity markets. It is an important area of our work, where we have a range of core regulatory functions in relation to metering. This includes regulating certain aspects of how network companies price metering services to protect consumers as competition develops.
We also participate in and lead a range of industry groups that oversee the arrangements governing the installation and management of metering assets.
Metering is at the centre of some key changes to electricity and gas markets over the next few years. The roll out of smart metering will entail the replacement of around 53 million gas and electricity meters by the end of 2020.
Regulation is required during this transition period from traditional to smart meters. To that end, we are providing independent regulatory expertise and advice to the government’s central programme responsible for delivering the rollout of smart metering.
We have also taken steps to put in place appropriate consumer protections, helping to make sure that consumers remain protected.
We aim to ensure an orderly transition from traditional metering and ensure that consumers interests remain protected.