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In order to reach the Fit for 55 and REPowerEU objectives for renewables and energy efficiency, it is estimated that about €584 billion of electricity infrastructure investments are needed between 20, in particular in the distribution grid. This allows them to better plan their investments and manage their infrastructure in response to the requirements of their customers, therefore reducing network operation and maintenance costs which are ultimately borne by consumers through network tariffs. Through smart metering, network operators get a better insight into each part of the network. Moreover, smart meters enable consumers to actively participate in energy communities and energy sharing schemes. Smart meters can provide close to real time feedback on energy consumption, enabling consumers to better manage their use, save energy and lower their bill, for example, by adapting their energy usage to different energy prices throughout the day. This puts an end to incorrect bills, and back billing, which are currently a significant concern for consumers. With smart meters, final customers also get accurate and regular measurements of their energy use, and get billed only on electricity they actually use. Smart grids open-up the possibility for consumers who produce their own renewable energy, for example from roof-top solar panels, to sell it back to the grid.