State-owned Energy Efficiency Services Limited has announced the completion of the installation of 10 lakh smart meters across India under the center’s Smart Meter National Programme (SMNP)

New Delhi: India needs to establish a manufacturing base of smart electricity meters to ensure adequate supply and should ensure that there are multiple players in the segment, Parliamentary Standing Committee on Energy has said in its latest report.

“There is a need to augment the manufacturing base of the smart meters to ensure the supply of an adequate number of meters to be installed all over the country. It should be ensured that there are multiple players in the field to rule out monopoly,” the panel said.

Finance Minister Nirmala Sitharaman in her budget speech this year allocated Rs 22,000 crore for the power and renewable energy sector and urged the state governments to implement smart meters in three years. The move is aimed at giving consumers the right to choose suppliers and rates. She had said the implementation of the smart meters programme will address the issue of the financial health of discoms.

The committee highlighted the advantages of smart meters over conventional meters. Though the cost of a smart meter is nearly three times more this extra cost could be recovered in a six-and-a-half-year time frame, the committee said.

The panel has recommended that henceforth only smart meters should be installed by power ministry under the Saubhagya scheme to avoid duplicity of work.

State-owned Energy Efficiency Services Limited has announced the completion of the installation of 10 lakh smart meters across India under the center’s Smart Meter National Programme (SMNP). The company has set a target to install 25 crore smart meters over the next few years.

News Source: ETEnergyWorld

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