I particularly like the following section that is on the same topic of the UK rollout....the way it all ties into reducing our carbon footprint....hey wait...dont Intermoco have business divisions that do that?????
"Where opinions really diverge is how they should be deployed. The scale of the project is daunting. Every one of the 26 million homes in the UK has an electricity meter; roughly 21 million have a gas meter. To replace every single one of these would mean ripping out 47 million old meters and installing the same number of new ones. In virtually every case, this would mean entering customer homes. It is project of such scale and complexity, it almost begs to be bungled.
The ERA estimates it will cost about £100 per meter – or between £4.7bn and £5bn in total. Energy companies estimate that they can recoup about half that cost in savings alone from the elimination of estimated bills and home visits by meter readers. To pay for the rest, they want to be able to offset the money they churn into the programme against that invested under the Carbon Emission Reduction Target scheme. The government initiative, which takes effect next month, requires energy companies to invest about £3bn into energy efficiency and reduction measures over the next three years. They claim it is unfair to have to foot the smart meter bill in addition to that investment".
It really seems that we have all be holding just one piece of the Intermoco jigsaw puzzle, staring at it blankly.
When it all fits together...I think alot of the down rampers will be really blown away by how well this has all been engineered and craftly put together.
Kiril.
I hold. Kiril.
I hold.
AHL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
