The Conservative Party has committed itself to replacing the nation's electricity and gas meters with smart meters, a move which could cost upwards of £10bn, according to Department of Energy figures.
Announcing a wide-ranging energy agenda at the party's conference in Manchester today, shadow energy and climate change secretary Greg Clark said, "We will upgrade our 50-year-old national grid into a smart grid for the 21st century. We will replace electricity and gas meters with smart meters."
Peter Jenkins, spokesman for the Energy Retail Association, which represents the six largest energy suppliers to the UK, said, "We welcome the Conservatives reaffirming their commitment to a smart meter roll out."
He said consumers would be able to save money with smart meters as they would have better consumption data. "They will therefore be better informed about their energy use and able to act on this to save energy and money," he said.
Clark said a Conservative government would immediately authorise 5GW of clean coal capacity and publish the planning guidance essential for new nuclear power.