Recently, a writer at the Home Energy Team praised the UK for its efforts towards smart metering and energy conservation, with an article entitled UK Blazing A Trail With Smart Metering At Home? The article highlighted that the Department of Energy and Climate Change has announced that smart metering will be introduced in the next decade and that all UK households will have smart meters by the year 2020.

In fact, the UK is not the only country striving to achieve carbon reduction targets, as many of its European counterparts have begun to take positive steps towards tackling the issue of energy conservation by implementing innovative new metering and billing technologies as well as promoting alternative energy solutions, such as wind and solar power.

Since 1997, the states of the European Union, including France, Germany and Spain, have been working towards achieving a target of 12 percent renewable energy electricity by 2010. Germany in particular has made a significant achievement so far, having surpassed the target early in 2007. This success is largely due to the German Renewable Energy Act (EEG), which promoted the use of renewable energy.

Recently, analysis from the European Wind Energy Association (EWEA) found that 21 of the EU Member States are meeting or exceeding their national target to achieve 20 percent renewable energy by 2020. However, six states - Belgium, Italy, Luxembourg, Malta, Bulgaria and Denmark - say they will not manage to reach their target through domestic action alone. Bulgaria and Denmark believe that with fresh national initiatives they could meet or exceed their targets, but others, including Italy, may need to import renewable energy from neighboring non-EU countries.

Top achievers, according to the EWEA report, are Spain, which believes its renewable energy will reach 22.7 percent by 2020, as well as Germany, Estonia, Greece, Ireland, Poland, Slovakia and Sweden, who will all exceed their targets.

"Importantly, the way that this renewable energy is controlled and distributed must be addressed in order to ensure its success," said Bastian Fischer, vice president and general manager EMEA, Oracle Utilities. "A smart gird infrastructure can enable utilities to deal with load distribution in times of increased need and ensure power is always available from these means. A smart grid also underpins the success of metering and billing technologies, such as smart metering, and allows utilities to deal with increased usage data and provide accurate billing."

Outside of Europe, Australia has made significant steps towards improving water conservation. The Australian Department of Sustainability and Environment took some of the recent advancements made in the energy sector, including new metering and billing solutions, and applied them to the water industry, enhancing customer service and reducing consumption as a result.

The adoption of smart metering in Europe is mainly driven by regulation, but significant technological improvements are being made the world over to change the way we use all kinds of energy. However, the developing markets are lagging behind. One of the primary reasons for this is the lack of infrastructure in place to use as a foundation for setting up energy-saving solutions, which is slowing the adoption of technologies such as smart meters. However, these countries do benefit from fewer outdated infrastructure and legacy systems, which is often cited by others as a difficult barrier to deploying new solutions. As a result, some countries should find new technologies easier to implement and adapt to in the immediate future, without this roadblock.