Families could see energy bills soar by £434 a year as it emerged ministers underestimated the cost of rolling out a new smart meter system. When the installation of the meters in every home and business was given the go-ahead in May 2009 the cost was put at £9 billion. But this week it was revealed that the cost of installing the devices in some 53 million homes between 2014 and 2019 will reach £11.3 billion.Is there anything this bunch of fools can get right?
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