‘Smart Meters Are Not So Smart – Just Do The Maths’, says SaveMoneyCutCarbon CEO Mark Sait

Another Government project over budget and late on delivery, wait another 4 years we are told, in this case, Smart meters with cost spiralling to £13.5 billion up from the original £2.5billion originally forecast.

“Once again, the Government and energy experts seem to have their maths wrong”, says Mark Sait, CEO of SaveMoneyCutCarbon, a fast-growing UK tech business that helps business and homes use energy and water in more sustainably.

Sait goes on, “Can we please start focusing on the basic maths and on reducing actual usage for homes and business alike?”

“Smart meters are there to mainly help one small set of organisations – and that is not the consumer – it is the energy companies”.

“On average, two-thirds of an energy company’s staff are dealing with billing enquires, like chasing meter reading, dealing with homes moving from tariff to tariff, incorrect bills and so on. Smart Meters will be great as they will send the meter readings in real time to the energy companies; why, so they can remove this burden and cost of the back of the support, reduce their headcounts and make their profits even higher” says Sait.

“Andrea Leadsom and her department are saying each household will save £36.00 by 2034; Robert Cheesewright of Smart Energy GB, the firm set up to promote the devices, said: ‘The financial and environmental benefits for households and the country far outweigh the costs by billions of pounds’”.

Sait asks: “Can someone show us the maths as £13.5 billion is being spent and it is a large amount of money – what else could it be used for?”

What is clear is the linear savings Sait’s company SaveMoneyCutCarbon and others like it can deliver for households.

“The facts speak for themselves”, Sait goes on.

“Let’s take the standard 60 watt light bulb still common across millions of UK households as the most simple example. If this is on 10 hours per day in your home or business at an average of 11p electricity charge per unit, (an this is only heading one way and that is up, to pay for the mart meters) it will cost you £23 pounds per year to run one such lamp in your home”.

“Now let’s move to a good quality LED lamp (same shape, same fitting, same light) this will reduce your energy consumption by 90%. So now the same lamp will cost you only £3.40 to run year, so saving for each lamp circa £19.00 per year”.

Similar linear savings can be applied to other products that are helping SaveMoneyCutCarbon grow to it present multi-million-pound turnover, from just an idea Sait and co-founder Charlie Farr, had only 6 years ago. 

“Our ever-growing customer base, can do the maths, so what is the government missing, we all need to deliver real savings to UK homes if we are to hit carbon targets and help the planet, it’s not about swapping suppliers every 5 mins as the Government continues to promote, as many of the smart meters become dumb the minute to change, it about real savings from reducing real usage of energy used for lighting, through deploying good LED lighting in huge volumes; energy used to heat homes through fitting simple products like RadBot to the 100 million radiators in the UK, controlling radiators when rooms are empty, saving a typical households 30% on heating bills; through to eco-smart technology in water-saving showerheads, as energy is still being used to heat the water for the shower we have every day”, Sait states.

“Let us stick with the LED lamp as just one example; typical cost as low as £3.00 per lamp for a branded good quality LED bulb from SaveMoneyCutCarbon. Let’s assume a typical house has ten (10) x 60 watt standard lamps that could be replaced, so a cost on average of £30.00 per household. Assuming 25 million households in the UK, the Government could fund LED for us all at a cost of circa ¾ of a billion, so saving over £12 billion while delivery an average saving per household on energy bills of £190 per year per household from the moment they are installed, vs the claimed £36.00 in 2034 that Andrea Leadsom’s advisers have given her as a possible saving some time in the future”.

“Let’s look at it another way we could give LED lamps to every household and have enough left over to build 50 new hospitals at £90 million each, build a hundred new schools at £45 million each, employ thousands of nurses, policemen and teachers and still have a billions in change left over vs what is being spent on smart meters”.

There is also the added landfill and Carbon reduction benefits Sait goes on the add; “Your typical incandescent light bulb will last circa 2000 hours before it blows and goes in the bin, your equivalent quality LED will last 50,000 hrs so 25 times longer, less cost to the user, less landfill, less carbon footprint in making lamps. Let the maths drive the debate”.