SP AusNet appeals smart meter decision

Power supplier SP AusNet has appealed against the Australian Energy Regulator’s “final decision” on pricing for home-based smart meters.
The AER had determined that suppliers could charge a collective $1.1 billion for smart meters, but SP AusNet now says this is not enough.
The company says its expenses had been underestimated by more than $100 million over the last four years.
SP AusNet will apply for a review to the Australian Competition Council on November 30.
The AER has estimated that the smart meter charge would add around $60 each year to the average household bill.