Smart meter only energy tariffs
Money Box
BBC
4.2 • 825 Ratings
🗓️ 23 March 2019
⏱️ 26 minutes
🧾️ Download transcript
Summary
Over 13 million smart meters have been installed in the UK. By the end of December next year gas and electricity suppliers will be expected to have taken "all reasonable steps" to roll them out to domestic and small business customers. One of those steps involves offering cheaper tariffs to customers - but only if they agree to have a smart meter installed. There's no legal requirement to have one so is it an unreasonable step too far? Guests: Lawrence Slade, Chief Executive at Energy UK and Joe Malinowski, founder of energyscanner.com
To what extent does the way we bank affect the way we spend, or don’t spend, our money? Guest: Abi Adams, Behavioural Economist at the University of Oxford.
The Serious Fraud Office has opened an investigation into individuals linked to London Capital & Finance. The failed high-risk mini-bond provider entered administration in January, but not before over 11,000 people had trusted it with £236m of their cash to invest in what they were told were fixed-rate ISAs. They now stand to get 20% of their money back at best.
Annuities are a retirement income product bought with some or all of your pension pot. The insurance and pension provider Prudential is currently transferring around 400,000 policy holders to Rothesay Life following the sale of its portfolio to the annuities specialist. Guest: Billy Burrows, Retirement Director at specialist pensions adviser Better Retirement who explains the underlying security behind annuities and how they are protected if the provider changes.
Reporter: Dan Whitworth Presenter: Paul Lewis Producer: Charmaine Cozier Editor: Richard Vadon
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? |
| 0:21.3 | When lies are still being told to this day, who do you believe? |
| 0:25.1 | I wouldn't even know where to start, and I'm with the IRA. |
| 0:28.5 | Steakknife. |
| 0:29.7 | Listen first on BBC Sounds. |
| 0:33.5 | BBC Sounds, music, radio, podcasts. |
| 0:37.2 | Hello, in today's program, one energy supplier says to get our cheapest deals, you must have a smart meter. |
| 0:43.2 | Are they getting desperate? |
| 0:44.7 | Does banking on your mobile phone give you a new and better relationship with your money? |
| 0:50.1 | There are four arrests in the growing scandal of the bust investment firm, London Capital and Finance, |
| 0:56.0 | and why is one of the UK's biggest annuity providers selling off a quarter of its customers to another firm? |
| 1:02.3 | But first, our energy suppliers putting too much pressure on customers to accept a smart metre. |
| 1:07.9 | The programme to fit one in every home by the end of next year has been beset |
| 1:11.5 | with problems and extra costs. Although 13 million smart metres have been installed in homes |
| 1:16.9 | across Great Britain, most are already out of date and at the present rate of installation it'll be |
| 1:22.2 | 2025 before the last smart metre is fitted, five years later than government plans. One supplier, EDF, had to pay |
| 1:30.3 | £350,000 for not hitting its own targets for installation. Others are trying to avoid a similar fate, |
| 1:37.4 | but one MoneyBot's listener thinks one supplier is going too far. My elderly parent is on a variable |
| 1:43.1 | rate tariff for electricity with |
... |
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