Victorian Smart Meter Cost Benefit Analysis ReportsLance Hoch | 10th September 2010
The Victorian Department of Primary Industries, on 3rd September, released two Oakley Greenwood Reports relating to the costs and benefits for electricity smart metering upgrades in Victoria.
Oakley Greenwood were asked to review an assessment of AMI benefits that had been produced for DPI by Futura Consulting in December 2009 and to then compare our revised view of those benefits to the costs of the VIC AMI program as reported by another consultant (EMCa) in June 2010. The Futura and EMCa reports are also available on the DPI website at: Link
The Oakley Greenwood reports confirm that power bills will be lower after this vital infrastructure upgrade than they would have been without it. Importantly, the report reveals that given strong regulations around electricity sector, it is reasonable to expect that the vast majority of benefits forecast will ultimately flow to consumers. For more information please contact Lance Hoch. The reports can be found here and here.