Making a long-term financial commitment to the new metering technology and the related software involved
Managing and storing vast quantities of the metering data collected
Ensuring the security and privacy of metering data
Disadvantages of Smart Meters for Consumers
It's hard to verify that the new meter is accurate
There's no way to protect the privacy of the personal data collected
There is an additional fee for the installation of the new meter
Other disadvantages include the reality that smart meters put human meter readers out of work, which hurts the economy. To date, hundreds of individuals have lost their jobs and most won't find new ones based on their esoteric skill-set. In addition, while it was anticipated that smart meters would save consumers money, consumers rarely check their meters because the system is so complex. Consequently, customers are unable to make energy consumption changes.