Overview of the Act
The Act deals with three matters related to smart meters and smart metering data. This Act makes provision for:
The extension of existing powers the Secretary of State has to develop, amend and oversee regulations relating to smart metering.
The introduction of a special administration regime for the national smart meter communication and data service provider to ensure the service continues to be provided in the unlikely event of its insolvency.
New powers allowing Ofgem to directly modify industry codes and documents for the purposes of delivering market-wide half-hourly settlement (see paragraph 12) which uses smart metering data.