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General news, Privacy

500,000 smart meters to be installed

In a November 2011 press report, SmartCo, a consortium of electricity lines companies,  confirmed plans to install 500,000 “smart” electricity meters “from North Cape to Bluff” over the next three years at an expected cost of $200 million to $250m.

The meters will remotely monitor electricity consumption.

SmartCo general manager Bob Lack said they would probably contain chips that would let them communicate directly with intelligent home appliances, such as fridges, which could be programmed to defrost when demand for electricity was low.

SmartCo will not be installing the meters in Wellington as its 14 mostly provincial lines company members do not own meters in the city, but Levin-based company Electra, which also covers the Kapiti Coast, is part of the scheme.

Full story here.

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