The Institute of Directors (IoD) has called for the UK Government to halt its plans to roll-out smart meters.

Figures from the Department of Energy & Climate Change (DECC) showed that 2.3 million smart meters have so far been installed in homes.

The UK Government’s target is to have 50 million smart meters installed by 2020.

The IoD said the project was flawed and was running late.

‘A bit of a mess’

Dan Lewis, Senior Infrastructure Advisor at the IoD, said: “Frankly, the whole project is a bit of a mess.

“Smart meters have been promised to consumers as the technology of the future, helping them to keep track of their energy use and reduce bills.

“The truth is that most of the meters going in at the moment will only give each household a paltry energy saving of 2% a year, while actually making it harder for them to switch energy provider as the kit is not compatible with multiple suppliers.”

> Read the IoD's statement