Germany won't require many consumers to install smart meters

08/5/2013 | Bloomberg Businessweek · Reuters

The cost of installing a smart meter for many consumers in Germany would outweigh any savings in power use, the German government has advised the European Union. "This is still a positive development as it clarifies the roles and responsibilities for smart metering, where uncertainty had previously stymied development," said Albert Cheung of Bloomberg New Energy Finance. Meanwhile, the German government moved to ease exemptions worth $398 million last year for heavy industries, giving these manufacturers an incentive to use renewable energy.

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Bloomberg Businessweek · Reuters