Financial savings of 10 per cent: The article said early
indications were that customers with smart meters were saving about 10
per cent on their power bill. The savings were coming from changes in
appliance use such as waiting until the shoulder or off-peak period to
turn on dishwashers, dryers, washing machines or pool pumps. But
high-demand customers could expect an increase in their bills as they
had benefited most from cross-subsidisation under flat power rates.
Cost efficient smart meters: Basic smart meters cost the same as
existing meter equipment and were being installed at no extra charge.
Customers who wanted meters with in-house displays and communications
capability would be charged $300.
The Australian Financial Review, 13/2/2006, p. 5
Source: Erisk – www.erisk.net