, adding pressure to the Albanese government over its election promise to cut power bills by an average of $275 by 2025.
Smart meters deliver real-time data on household electricity use, which can then be used to manage electricity usage. Households can self-manage their usage or delegate that task to a retailer.Victoria’s smart meter rollout began in 2009, resulting in almost all 2.5 million households in the state now having the technology.
The audit did find, however, that the infrastructure might lead to future innovation and benefits to consumers. Homeowners would foot the electrician’s bill for this work – but options are being explored to use the federal government’s Clean Energy Finance Corporation to offer cheap loans for installation costs, she said.Collyer said better education would be critical to ensure homeowners saved money on their bills with smart meters.