Transcript - The basics of the Smart Meter
George: Smart Meters record the property’s electricity usage every 30 minutes and this information is then communicated to the electricity distributor via a communications network. The electricity distributor then sends the electricity retailer the meter data so that the electricity retailer can bill the customer. Smart Meters are able to provide detailed information about your electricity usage, patterns and outages back to the electricity distributor via a communications network. This technology also allows for properties to be remotely disconnected and reconnected, for example, if you move out or move in making the process much smoother. The identification of faults and outages can also occur much faster with Smart Meters in place.
From 1 January 2010, retailers have been required to pass on the Smart Meter charge to all Victorian electricity consumers. The cost of the Smart Meter to consumers will vary depending on the type of meter and the area you live in. The cost of Smart Meters appear as part of the total supply charge for the property on the electricity bill. A metering charge has always formed part of household electricity bills.