August 2011
Deloitte

Summary

An analysis of the costs and benefits of the Smart Meter Program; the assessment also involves identifying ways to enhance the benefits of Smart Meters for all Victorian consumers.

Over 2008-2028, the Advanced Meter Infrastructure (AMI), or Smart Meter, Program will result in net costs to customers of $319 million (NPV at 2008 $2011). A large proportion of the costs will be incurred by electricity distributors by the end of 2011, yet most benefits of the Smart Meter program are yet to be realised.

The analysis found that, given the progress of the rollout, continuing the AMI Program from 2012 results in net benefits of $713 million.

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