Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Germany Rejects EU Smart-Meter Recommendations on Cost Concerns

Aug. 1 (Bloomberg) -- Germany said it probably won’t follow smart-meter guidance from the European Union -- which has recommended that 80 percent of homes install the devices by 2020 -- because such a move would be too costly for consumers.

The EU proposal is “inadvisable” for Germany, the Economy Ministry said in a statement, citing a study it commissioned from consultants Ernst & Young. For users with low power consumption, the installation cost would be greater than the achievable energy savings, it said.

“The results show that we in Germany have to expand smart measuring systems and meters selectively and in line with the energy switch,” Deputy Economy Minister Stefan Kapferer said, referring to the country’s shift away from nuclear generation and toward renewable power.

Smart meters allow consumers to monitor energy use and costs, and relay the data to suppliers to help them manage demand. Germany, which seeks to more than triple the share of renewables to 80 percent of consumption by 2050, has yet to adopt a firm policy on the devices.

The study on Germany, which has about 48 million traditional meters, “disappointed some in the industry, who had hoped for a stronger recommendation for a mass-market rollout,” Albert Cheung, an analyst at Bloomberg New Energy Finance, said today by e-mail. “This is still a positive development as it clarifies the roles and responsibilities for smart metering, where uncertainty had previously stymied development.”

To contact the reporter on this story: Stefan Nicola in Berlin at snicola2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.