The Parliamentary Standing Committee on Energy in its latest report has emphasized the need to establish a manufacturing base for smart electricity meters in the country to ensure adequate supply.
The report also stressed on having multiple players operating in the smart electricity segment in India.
"There is a need to augment the manufacturing base of the smart meters to ensure the supply of adequate number of meters to be installed all over the country. It should be ensured that there are multiple players in the field to rule out monopoly," the panel said.
The committee underscored the advantages of smart meters in the report and recommended that moving forward only smart meters should be installed by the Ministry of Power under the Saubhagya scheme in order to avoid duplicity of work.
The main challenge for the smart meter adoption at present is its cost. Smart meters cost nearly three times more than that of a conventional meter, however, the committee noted the extra cost could be recovered in a six-and-a-half-year time frame.
Last month, the state-owned energy service company, Energy Efficiency Services Limited (EESL) had announced the completion of the installation of 10 lakh smart meters across India under the Smart Meter National Programme. EESL's target is to achieve installation of 25 crore smart meters in the next few years.