Re: remote cutoff
Well, it's not just for load-shedding. It's also so that they can remotely flick customers' meters into Pre-Payment Mode, because it's easier than obtaining an increasingly-unpopular bulk court warrant to forcibly enter hundreds of properties to install pre-payment meters.
You say that you were given no choice but to have one. Does that mean they obtained a warrant to forcibly install it, or did they just convince you over the phone that you had no choice?
There are also issues with smart meters over-reading. I think it will get interesting if the UK does change the law in light of the Post Office scandal that computer systems are not automatically trusted.
There are a lot of people who have been getting spuriously high bills after having a smart meter, e.g. a pub near me had to close after receiving an electricity bill £300k higher than it should have been They queried it and got an electrician to install their own meter, which showed the smart meter was overcharging by more than a factor of 3. They are now disputing the claim with the supplier and have reopened for now.
They called it a "Programming Error", however My theory is this: The pub in question says that it has no electric heating, but it has a large quantity of big-screen TVs and LED lighting. These loads have bridge-rectifiers on the front-end and no active-PFC, which means they only take a pulse of energy at the peak of the voltage waveform (when the meter is measuring) and no energy anywhere else. The meter assumes a sinusoidal load current, and if it is not, then it will over-read.
Because of this, smart meters have been seen over-reading by as much as a factor of 6 for certain LED lights, for example.
That said, I would hope that more modern meters have resolved this er, "programming error" by sampling continuously, not just at the peak, and integrating hundreds of samples over each mains cycle.