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meldrewreborn
Of course it is but with IoT and potential extra service layers that can be 'bolted on' to the smart energy system in future, I think they wanted to ensure that the security was bombproof (or hackproof against hostile actors) right from the get go.
Like building a bank safety deposit vault but the first customer only having a small box with £500 and a few pieces of jewellery in it. But scalable to hundreds of customers and more valuable assets without having to rebuild the vault every time.
But a simple RS232 or RS422 cable from the meter to an interface connected to your home broadband, allowing the same functionality as the unnecessarily complex DCC/telco/Arquiva communication system and being secure for the purposes of meter<>supplier yet allowing 'read only' consumer access to the customer from the meter for in house monitoring via a PC or smartphone app or even a standalone IHD would have been a far better system.
Users without a broadband connection could use the mobile network and those with no connectivity at all would be no worse off than any customer with a traditional meter anyway. And if the data was open source within the home network, the ability to write macros or software to automatically populate your spreadsheet or format the data for your own use (after all, it's your data anyway) would have brought so much more to the party.
The security already built into the meter would prevent a user being able to overwrite data, i.e. fiddle the meter. Sure, some bright soul with too much time on their hands might eventually be able to do something sneaky, but the perimeter defence is already built into the system.
Just my thoughts, and exactly what the original PLC system was explicitly intended for. Secure transactions to the supplier and open access at the consumer level.