The replacement of over 2 million electricity meters with the next generation electricity meter over a six-year period will cost some €1.2bn.
Like other infrastructure upgrades, the cost of the meter upgrade will be recouped over time in charges paid for use of the electricity network and so there is no up-front charge to have a smart meter installed.
The Commission for Regulation of Utilities has done extensive analysis of the plan and is satisfied that the investment involved represents value for money
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