Another reason why, and there are several, Smart Meters are bad news!
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- New bill aims to make ‘smart’ meters mandatory for entire nation (dancingczars.wordpress.com)
Germany said it probably won’t follow smart-meter guidance from the European Union — which has recommended that 80 percent of homes install the devices by 2020 — because such a move would be too costly for consumers.
The EU proposal is “inadvisable” for Germany, the Economy Ministry said in a statement, citing a study it commissioned from consultants Ernst & Young. For users with low power consumption, the installation cost would be greater than the achievable energy savings, it said.
Read the rest of the article via Germany Rejects EU Smart-Meter Recommendations on Cost Concerns – Bloomberg.
To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net
To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net
