Costs
The costs of metering include:
- the investment costs to purchase and to install meters, as well as
- the recurrent costs to read meters and to issue bills based on consumption instead of bills based on monthly flat fees.
While the cost of purchasing residential meters is low (in the range of US$20 per meter), the total life cycle costs of metering are higher. For example, retrofitting apartments in large buildings with meters for every apartment can involve major plumbing work and can be very costly.
Read more about this topic: Water Meter
Famous quotes containing the word costs:
“That which costs little is less valued.”
—Miguel De Cervantes (1547–1616)
“To exercise power costs effort and demands courage. That is why so many fail to assert rights to which they are perfectly entitled—because a right is a kind of power but they are too lazy or too cowardly to exercise it. The virtues which cloak these faults are called patience and forbearance.”
—Friedrich Nietzsche (1844–1900)
“The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
—Adam Smith (1723–1790)