The rollout of Victoria's Smart Meters (or Advanced Metering Infrastructure) is a collaborative project involving Government, electricity businesses and consumer groups.
Smart Meters are replacing the old mechanical metering technology with modern digital meters. Under Victorian law, electricity distributors are required to install a Smart Meter at every home and small business in Victoria by the end of 2013.
The Victorian Government performed an extensive review of the Smart Meter program, which included a full cost-benefit analysis.
With more than 900,000 meters installed across Victoria at the time of the review, it found the most responsible option was to continue the rollout of Smart Meters with improvements that brought greater benefits to Victorian households.
Smart Meters are installed and managed by electricity distribution businesses - the companies that own and manage the electricity 'poles and wires' assets, including our current metering systems. These companies are regulated monopolies, whose spending is scrutinised by the independent Australian Energy Regulator to ensure they deliver a reliable, 'value for money' service for all Victorians.