What is an advanced meter
Advanced meters (or smart meters) are the new electronic electricity meters that's replacing old electromechanical meters. Advanced meters send information about electricity consumption back to the supplier through a radio link. They operate at relatively low power, and only transmit for a very short time each day.
Why the industry wants advanced meters
The industry wants advanced meters to save staff and transport costs, eliminate reading errors and the need to estimate bills when the meter cannot be reached.
Advanced meters are good for the customer and NZ
At present load demand is very ‘peaky’. That is, the peak electricity usage is very much higher than the average. This requires having the capacity in generators, transmission lines and distribution equipment to meet the peak. As the peak increases, so does the need for new generation, transmission lines and distribution systems. With much more detailed information available regarding the time when individual households, and potentially even when individual appliances, are using power, users have the opportunity to be much more circumspect about their consumption of electricity. It is already possible for many customers with advanced meters to keep continuous tabs on their electricity usage via the internet. With pricing based on available supply versus demand, there are opportunities for saving money when using large amounts of energy (tumble drying, EV charging, water heating). With controllable loads also connected (very likely in the case of EV charging), demand can be shaped to avoid building new infrastructure, thus keeping costs and environmental concerns under control. This is a real chance for the industry and customers alike to change the pattern of consumption to maximize use of renewable energy (e.g. solar, wind and hydro), whilst minimizing use of fossil fuels and overall energy, and reducing the need for extremely expensive and unpopular grid upgrades, such as new transmission lines.