I don't think so, if anything it's the otherway round the companies get fined if they don't meet the "target". That target is foisted on them by the goverment.
Yes, some one in government decided that Smart Meters were a "Good Idea" and set a target for the nation to have them. Trouble is they were probably career politicians, wouldn't know one end of a 13 A fuse from the other and failed maths.
At that time the technology was in it's infancy, hadn't really been tested in the real world for resistance to attack and no one had really thought about standards or inter-operatabilty. The maths failure means the target set was (is) unrealistic, in that you needed thousands of "trained" installers working 8 hours/day 5 days/week, every week (no holidays, sick, etc) from the announcement date to target date to meet it. ie no time allowed for the kit to be properly tested in the real world, no time for then companies to agree a standard, not time for the sorting out and setting up of the back haul systems, no time to recruite and train the installers.
You'll be waiting a very long time.
The *only* aspect of a Smart Meter that could be usful for the nation is if they supported proper demand management. ie the abilty to control appliances likes fridges/freezers so the very peak few hundred Megawatts of demand could be trimmed off. But even then the maths gets in the way as you need to be able to control virtually every fridge or freezer in the country to "save" a few hundred Megawatts. AFAIK no "Smart Meter" or any appliances support the abilty to do this.