Smart meters to save UK households only £11 a year, report finds

Report by MPs and peers says predicted benefits of scheme 'likely to be slashed further'

Government predictions of the savings smart meters will generate for consumers are inflated, out of date and based on a number of questionable assumptions, a group of MPs and peers has said.

They also said the rollout of smart meters risked going over budget, was past its deadline and must be reviewed immediately.