Power Bills Drop by $200: First Regulatory Price Cut After Years of Increases
In welcome news for energy consumers, default offer prices are falling for the first time in years.
A smart meter is a digital electricity meter that records how much power you use and when you use it, in 30-minute intervals. Unlike old accumulation meters that only track total consumption, smart meters send data back to your retailer automatically — no more manual reads, no more estimated bills.
As of mid-2026, over 4 million Australian homes have smart meters. The Australian Energy Market Commission (AEMC) has mandated universal rollout by 2030 across the National Electricity Market.
Key difference from old meters: Smart meters enable time-of-use and demand tariffs — pricing that rewards you for shifting usage away from peak periods. If you still have a smart meter on a flat-rate tariff, you may be overpaying. Check your plan now.
Contact your electricity retailer. Installation is typically free for standard meter exchanges. The retailer coordinates with your local network distributor — Ausgrid in Sydney, Powercor or CitiPower in Melbourne, Energex in Brisbane, SA Power Networks in Adelaide.
For most households, smart meter installation is free. Retailers cover the cost under the national rollout. Exceptions:
Ongoing costs: The meter itself doesn't add to your bill. But the tariff you're moved to can significantly change what you pay. Compare electricity plans to find the best tariff for your usage.
Smart meters use low-power radio frequency to communicate — similar to a mobile phone or Wi-Fi router, but at far lower power levels and only transmitting briefly every few hours. The Australian Radiation Protection and Nuclear Safety Agency (ARPANSA) has confirmed smart meter RF emissions operate thousands of times below Australian safety limits. The World Health Organisation has found no convincing evidence linking low-level RF exposure to adverse health effects. Some networks offer wired (non-wireless) smart meters for those with specific medical concerns.
Smart meters record total consumption in 30-minute blocks — not which appliances you're using. Your retailer sees when you use power, not what you use it for. Under the National Electricity Rules, your data can only be used for billing and service provision. You control third-party access. You can authorise services like Bill Hero to access your data and find better plans.
Increasingly, no. The AEMC targets universal coverage by 2030. Victoria mandated smart meters from 2013 with no opt-out (wired meters available on request). In NSW, QLD, SA, ACT, and TAS, you can defer installation but not permanently refuse under the 2025 AEMC rules. WA and NT operate outside the NEM under state-specific programs.
Important: having a smart meter doesn't force you onto a time-of-use tariff. You can request to stay on a flat-rate plan. But check first — many households on TOU are overpaying. Bill Hero finds the cheapest plan for your actual usage pattern.
| Year | Milestone |
|---|---|
| 2023 | Victoria reaches 100% smart meter coverage |
| 2025 | AEMC finalises accelerated rollout rules — universal NEM coverage by 2030 |
| 2026 | Retailers begin proactive rollout; all new connections require smart meters |
| 2027 | All meter replacements must be smart meters |
| 2030 | Target: 100% of NEM households have smart meters |
This is what most people miss: a smart meter changes which tariffs you're eligible for.
The right tariff depends on your actual usage. Bill Hero analyses your smart meter data to find the plan that costs you the least. Upload a bill and start saving.
Last updated: June 2026. Covers the National Electricity Market states: NSW, VIC, QLD, SA, ACT, TAS. WA and NT operate under separate frameworks. For more energy-saving guides, see our articles on getting off gas and energy-guzzling appliances.
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