Smart meters overcharge consumers by up to 582% while at the same time collecting owner’s data which is then sold to third parties for further profit, according to the first major university study into the controversial technology.

The University of Twente (UT) in the Netherlands, in collaboration with the Amsterdam University of Applied Sciences (AUAS) published the results of a major study into the nine most popular smart meters used in the United States and United Kingdom, with the conclusion that smart meters routinely overcharge consumers, often by staggering amount.

“In the experiments (which were entirely reproducible), five of the nine smart meters gave readings that were much higher than the actual amount of power consumed. Indeed, in some setups, these were up to 582 percent higher.”

Is it any wonder that electric utilities have increasingly embraced smart meters, pushing hard for the mass rollout of the technology……

Information on the study can be found at: ELECTRONIC ENERGY METERS’ FALSE READINGS ALMOST SIX TIMES HIGHER THAN ACTUAL ENERGY CONSUMPTION