The second generation of smart meters are known as SMETS 2. Full form of SMET is Smart Metering Equipment Technical Specifications. It is with the previous generation known as SMETS 1. SMETS 2 smart meters were introduced in 2018.
As per the key statistics data of IEA With electricity consumption reached to 1,164 TWh in the country till November 2019, India ranked third among the top ten electricity consuming countries across the globe.