South Korea to Install Smart Meters in Half Its Houses by 2016
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South Korea, which depends on imports for almost all its energy needs, will roll out so-called smart meters to about half its households by 2016 to help reduce the cost of electricity.
The fourth-largest user of energy in Asia is planning a 14-fold increase in the number of meters to 10 million units in five years, the Prime Minister’s Office said in an e-mailed statement today. State-run Korea Electric Power Corp. will join other energy suppliers to install the meters, which help consumers monitor their electricity usage more accurately and also feed the information back to utilities to help them decide how to channel supplies.