Why are smart meters being forced on us and are they a waste of money?

Why are smart meters being forced on us and are they a waste of money?

By This is Money

The Government's £11billion scheme to install 53million smart meters in homes and small businesses by the end of 2020 has been plagued by problems.

Now it appears there may be more hidden nasties. A wireless tech expert says they have the power to take over customer accounts. 

In theory, this means suppliers could cut off a household's electricity or gas without visiting the property, add debt to a meter, remove credit on an account, change the charge levied or turn the meter into a pre-payment device.

Authority to use these functions has yet to be granted – but it all sounds a little big brotherish.

In this week's podcast Simon Lambert, Lee Boyce and Georgie Frost question, is it time to rethink the smart meter push? 

Also on this week's show, we talk secondary tickets after Ticketmaster axed Get Me In and Seatwave, discuss what to do with £10,000 in order to get onto the property ladder and the motivation you need to prevent becoming a CV cliché.

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