Smart Metering Possibilities Legal frameworks and regulatory requirements surrounding the roll-out of smart metering infrastructures are thorough, forcing utility providers to adapt and invest. While the necessary investments are significant, smart meters also provide significant opportunities. A smart metering infrastructure can help combat climate change, while delivering savings to consumers. For utility providers, smart meters give access to valuable data and enable the development of value-added services that protect revenues, differentiate services and reduce customer churn, while cutting operating expenses and improving grid management. Furthermore, smart meters enable the reduction of energy consumption, waste, and emissions, and will be one of the fundamental enablers for the future smart grids where bigger variations in supply will be an unavoidable parameter. A key obstacle to deliver on these promises? Security and privacy concerns. A fundamental part of what is “smart” in the context of smart meters is that the infrastructure is connected to the Internet. It enables a continuous flow of data between the consumer and the utility provider, but it also exposes the infrastructure to third parties. Several markets have already seen smart meters being hacked, and the potential threats are vast; from a damaged brand reputation to billing fraud and ultimately, power failures.