The modern world is increasingly reliant on data – internet usage is tracked and recorded, phone calls are logged and billed – but what about the raw enabling product itself: electricity?
Although most of the world's households and businesses still receive rough estimations of back-dated energy bills, there are moves afoot by governments and power companies to record exact consumption by installing smart meters at every door.
Source:
http://smartgrid.testing-blog.com/2013/08/21/energy-firms-to-introduce-smart-meters/#more-33966