The Victorian Government is supporting project to roll out smart meters. The cost benefit justification for this is around cheaper meter reading, much better accuracy and the ability to spot distribution issues. However, althiugh the meters could be used to give feedback to consumers, that part of the project has been ruled out of scope - I'm really not sure why.
We know that giving people an idea of how much power they use is a really effective way to get them to use less. So it's a massive disapointment that the costly roll out, doesn't address that, even a tweak to the build regs for new buildings would make sense. If electricity meters were in the kitchen and visible, then power use would go down, while they stay out in the cold in a hidden box, consumers just don't know where their power is going.