Regulation and benefits push smart meter growth in Central and Eastern Europe
By: SGN Staff
Central and Eastern Europe's smart meter spending is forecast to hit $10.3 billion cumulatively by 2023, according to smart grid intelligence and consulting firm Northeast Group, LLC. While the drivers for each country in the region are different, EU regulations and a need for advanced metering infrastructure technology seem to be taking precedence.
Northeast Group's study, Central & Eastern Europe Smart Grid: Market Forecast (2012-2023), forecasts smart metering growth in Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia.
"Central and Eastern Europe is the most advanced region among emerging market countries for smart grid and smart meter deployments," Northeast Group said. "All ten countries covered in this study are expected to adopt EU smart meter regulations over the course of this decade, and some already have extensive smart grid roadmaps in place. At the same time, with lower electricity demand levels compared with Western Europe, it's not clear if all CEE countries will meet the EU targets. Each country's unique energy sector drivers are determining whether or not it will meet prescribed targets."