Electricity prices will jump 400% without smart meters: analyst

Dr. Guido Bartels, chairman of the Global Smart Grid Federation, told Israeli business publication Globes that an investment in smart meter technology can’t be avoided, otherwise electricity prices will skyrocket:

We estimate that if the current grid is not upgraded, electricity tariffs will be 400% higher by 2050. Introducing a smart grid makes it possible to reduce this rise to just 50%. The reason is that, without a smart grid, the reliability of the electricity grid will decline: the infrastructure is getting old, and introducing renewable energies will require massive investment, because the grid isn’t sufficiently flexible.

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