By Paul Homewood

h/t Joe Public, who dug this out of the archives:

https://hansard.parliament.uk/Commons/2017-03-15/debates/0B80BC89-19E9-4194-9064-9334F4BAA469/BusinessEnergyAndIndustrialStrategy

It tells us a couple of things (apart from the fact that Jesse Norman is an idiot!):

1) When these sort of numbers trip off politicians’ tongues, it is no more than gobbledegook to them. They have no appreciation of how the sums are calculated, or what they represent.

£47 million? £47 billion? £47 trillion? Who knows? Who cares? They are just numbers on a piece of paper to them.

2) The cost of the smart meter, even at an optimistic £11bn, works out at over £400 per household.

At £47 per year, it will take a decade for the savings to recoup the initial cost, even assuming that they save anything at all.

If proof were needed that the smart meter programme is a scandalous waste of money, Jesse Norman has provided it!

via NOT A LOT OF PEOPLE KNOW THAT

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April 13, 2018 at 12:51PM