Unlocking the €53 Billion Savings from Smart Meters in the EU - How Increasing the Adoption of Dynamic Tariffs Could Make or Break the EU’s Smart Grid Investment

By A. Faruqui, Dan Harris, R. Hledik. 2010

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Demand-side management and European environmental and energy goals: an optimal complementary approach (2014, background): “According to many studies, the cost per household of deploying smart meters is comprised between $95 and $600 (Faruqui et al.,2010; Gyamfia and Krumdieckb, 2013).”
Smart Grid Communications: Overview of Research Challenges, Solutions, and Standardization Activities (2011, background): “By deferring the peak demand to off peak times, the capacity and transmission cost could be reduced up to 67 billion euros in Europe [3].”
The role of smart metering and decentralized electricity storage for smart grids: The importance of positive externalities (2012, background): “The required investments are estimated to be enormous: Faruqui et al. (2010) estimate an investment of h51 billion for the European Union.”
Preparing for smart grid technologies: A behavioral decision research approach to understanding consumer expectations about smart meters (2012, background): “Exceptions included Korea, the UK, Denmark, Japan, France, Norway, and Australia (Choi et al., 2009; Faruqui et al., 2010; Gaskell and Pike, 1983; Jensen, 2003; Mansouri and Newborough, 1999; Matsukawa, 2004; Ueno et al., 2006; Wood and Newborough, 2003).”