The key point is in the last paragraph - to save on labor costs. Whilst consumers will have to pay for installation (short term costs), expect power companies to make long term profits from sacking meter staff and some support staff. More for the multinationals, less for the consumer.
The problem is possible biological effects, if the meters use wireless communications to store or report usage.
The Other Tesla David Blaza5 comments I find myself going to Kickstarter and Indiegogo on a regular basis these days because they have become real innovation marketplaces. As far as I'm concerned, this is where a lot of cool ...