What are your smart meter targets?

We're big supporters of the Government's target to get a smart meter in every home by the end of 2025.

This will help people manage how and when they use energy - saving money, carbon and the planet. We've been powering ahead with the smart meter rollout and have installed a record high of just under 1 million smart meters in 2024 alone, of which 622,603 are qualifying meters which count towards our Ofgem target.

At Octopus we’re focused on installing and maintaining working smart meters so that our customers get full access to the benefits they provide - And we’ll even replace smart meters when they aren’t working, which unfortunately means that sometimes installs won’t count towards our Ofgem targets.

Our 2025 Install Targets are:

• Electric: 405,628

• Gas: 533,142

• Overall: 938,770

Of these installs, the meter type targets for 2025 are:

• Credit: 901,032 (of which 388,082 are electric, and 512,950 gas)

• Prepay: 23,104 (of which 9,951 are electric, and 13,153 gas)

Our historical performance is also summarised below. As we welcomed Bulb and Shell customers to Octopus in 2023 and 2024, we have also included their target and actual numbers below.