Smart prepaid meters to reduce power bills by up to 2.5%: Power Minister

Union Power Minister R K Singh on Monday urged electricity consumers to use smart prepaid meters, saying the device helps users bring down power cost by up to 2 per cent.

Installation of smart prepaid meters reduces the operational and finance cost for electricity suppliers as consumers credit their account in advance, the minister said while releasing the ‘Enabling a consumer-centric Smart Metering Transition in India’ report here.

“If you have a smart prepaid meter, your cost of electricity will come down by 2-2.5 per cent and the consumer gains (at benefit),” Singh said.

Usage of smart meters will lead to digitisation of systems, automation and further efficiencies.