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India needs to set up manufacturing base for smart electricity meters: Parl panel

Source Name: 
ET Energy World
Source Url: 
https://energy.economictimes.indiatimes.com/news/power/india-needs-to-set-up-manufacturing-base-for-smart-electricity-meters-parl-panel/74813668

India needs to establish a manufacturing base of smart electricity meters to ensure adequate supply and should ensure that there are multiple players in the segment, Parliamentary Standing Committee on Energy has said in its latest report. "There is a need to augment the manufacturing base of the smart meters to ensure supply of adequate number of meters to be installed all over the country. It should be ensured that there are multiple players in the field to rule out monopoly," the panel said. Finance Minister Nirmala Sitharaman in her budget speech this year allocated Rs 22,000 crore for the power and renewable energy sector and urged the state governments to implement smart meters in three years. The move is aimed at giving the consumers the right to choose suppliers and the rates. She had said implementation of smart meters programme will address the issue of financial health of discoms. The committee highlighted the advantages of smart meters over conventional meters. Though the cost of smart meter is nearly three times more this extra cost could be recovered in a six-and-a-half year time frame, the committee said.

Author: Sustainability Outlook Desk