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Smart meters are modern gas, electric and water meters that collect usage data remotely and then send that data automatically to the utilities that own them. Because smart meters save providers money by not having to send employees to check the meter reads on consumption for a given time span, they are widely used in developed countries.
Smart meters eliminate home visits and manual reading errors by meters readers while doing away with the need for estimated monthly bills. Both utility companies and their customers benefit from their use in multiple ways. Advantages for companies include:
Advantages for utility customers include: