Doubts cast over consumer benefits of smart meters
(euractiv.com 21 Jun 12) The European Commission has asked member states to present before September their cost-benefit analyses on the deployment of smart meters that could lead to 80% of consumers being equipped with intelligent metering systems by 2020. But a recent study casts doubts over their cost-effectiveness and the benefits they bring to consumers.
Smart meters record energy or water consumption, sending the readings back to the power or water suppliers for monitoring and billing. A cost-benefit analysis currently deployed in member states will be finalised by 3 September 2012.
In a recommendation paper, the European Commission says it is yet to be convinced that smarts meters are “economically justified”.
The EU executive's doubts are being raised despite an increased acceptance of smart meters across European countries. In Italy and Sweden, smart meters cover almost 100% of households while they have been rolled-out on a large scale in the UK and Spain.
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