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Smart meters to cost the UK billions: 2G switch-off means replacing 12-13 million
(www.theregister.com)
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Also in place in the US - they just use 433 MHz I believe, and some dude drives around in a truck collecting readings from the road.
In my US town, it transmits to a nearby receiver on a power pole. Same with water. But also in the US buried power cables are the exception.