David Cameron has said a Conservative Government will cut Britain's greenhouse gas emissions with a £1 billion investment to provide a "smart meter" in every home.
Mr Cameron described the new technology - also expected to form part of incoming US President Barack Obama's massive infrastructure programme - as 'the internet for electricity'. Photo: Getty
The project will form the centrepiece of a Green Paper setting out the Tory vision of a low-carbon economy, which Mr Cameron will unveil in an Internet-based launch event today.The proposed smart grid would allow energy companies to tell people when they can buy electricity at the cheapest rates, as well as allowing consumers to feed power from solar panels back into the network.
It is hoped that the changes would significantly reduce electricity use, cutting customers' bills and slashing Britain's contribution to the carbon dioxide emissions which are blamed for global warming.
"It is the thing that brings our plans all together, that makes it all possible and will deliver a genuinely low-carbon world," said the Tory leader.
Mr Cameron said that the Tories have already had discussions with National Grid officials about the practicalities of installing the new technology and will be able to approve the investment as soon as they come to office.
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