| Abstract
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NERA Economic Consulting (NERA) has been e … NERA Economic Consulting (NERA) has been engaged by the Ministerial Council on Energy’s Smart Meter Working Group (SMWG) to estimate the net benefits associated with a mandatory rollout of smart metering, and a non-smart meter direct load control alternative. This note summarises the results of Phase 2 of the national cost benefit analysis and includes the estimates of the costs and benefits of smart metering and direct load control for each jurisdiction. Since the release of the Phase 2 reports for public consultation we have received submissions from distributors, retailers, metering manufacturers and consumer groups, amongst others. The comments raised in submissions have led to us revising the cost benefit results, which are discussed further in this note. This note also provides NERA’s final recommendation as to the national minimum functionality for smart meters. al minimum functionality for smart meters.
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