Plans to install smart electricity meters in all homes and businesses, were outlined in a Conservatives green paper this week.
Smart meters would help people manage their appliances by using more energy when it is abundant and less at peak times, according to Conservative party leader David Cameron. "As politicians we have talked about green cars, windmills and green energy, but often we’re not sure how this all fits together," said Cameron."What this document does is bind them all together and at the heart of it, we have the smart grid."
Homes and businesses could contribute energy to the grid from domestic microgeneration, such as wind turbines or solar panels via their smart meters, earning them money.
Cameron also proposed changing the regulatory regime for the gas grid and introducing feed-in tariffs for biogas, installing carbon capture and storage equipment onto 5,000MW of new coal fired power plants and providing incentives to construct under-sea direct current cables to expand offshore wind and marine power.