Smart grids reduce losses in the electricity network through automation and smart meters provide information on energy consumption to consumers and allow them to manage their consumption.
Utilities will also be able to lower the system voltage level and make meter-reading redundant, argued Chris King, chief regulatory officer at eMeter. After deducting necessary costs like the installation of smart meters and new software, the net benefit would still be €31 billion per year, he said.
More information:
"Smart grids could save Europe €52bn"
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