Mr. Chris Jones:

It differs between countries with different policies and different legal jurisdictions. In our case, the value of having a meter is that it gives a charging option to those customers who feel that the historical rateable value basis is not appropriate for them, so it gives them the free option of going onto a meter instead. In terms of new properties, as there is no rateable value system in England and Wales anymore and no new rateable values are created, a meter is the default way of charging a new property. It does vary between jurisdictions. Many European countries have domestic meters for charging purposes but have or are developing similar district metering programmes for leakage reduction in the way that we spoke about earlier.