The awarding of smart meters by the state distribution utilities (discoms) is expected to increase to 222 million over the near to medium term from ~99 million so far, said a report by ICRA. The replacement of conventional meters with smart meters is a key initiative of the Revamped Distribution Sector Scheme (RDSS) launched by the Government of India (GoI) in July 2021 with the objective of bringing down AT&C (aggregate technical & commercial) losses and reducing the gap between the cost of supply and tariff to zero for the state distribution utilities (discoms).