Friday, April 19, 2019

Financial discipline in capital expenditure

The Public Utilities Board is installing 300,000 smart meters in residential and commercial premises during the initial phase which will be operational in 2023.

These smart meters are likely to replace the manual reading of the meters which is now carried out every two months.

Can the PUB share the estimated cost of this installation and the annual savings from the reduced manpower needed to read the meters? Every major capital expenditure should include a calculation of the payback period to see if the investment should be made.

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