Smart Meter Cost Calculation

There are some interesting differences in the estimated costs of the Smart Meters  in the various areas.  The simple costing arithmetic is:

TotCost = Total Smart Meter project cost which includes things like:

Purchase of all smart meters

Removal of Analog meters and installation of Smart Meters

Staff training/education

Self insurance to cover problems

Additional staff time to handle customer complaints

Installation of the Smart Grid Collectors

Installation of Smart Meter collection software

NumMeters = Total number of Smart Meters installed:

Cost per Smart Meter = TotCost / NumMeters

BCHydro’s estimated Cost per Smart Meter is a whopping $555