In the UK, I report my own meter readings and the electrical company probably only really ever goes out once every few years when tenancies change. So I actually don't see what money it saves them asides from the money lost from chasing up issues where people are trying to cheat the system.
In this example it really makes me wonder if replacing all the meters in the country with non-intercompatible smart meters really saves that much money. So you have to start asking what else is in there for them to do this. Probably money for the data I would have to imagine.
Also, given how absolutely atrociously shite the security of these smart meters is (and you'll have to trust me on this, I don't know how public this information is) I wouldn't want that crap anywhere near my house in the eventuality that someone hijacks it to make it look like I'm using more electricity when they're using less (while keeping the overall books balanced so to speak) or some other nefarious purpose.
Certainly these meters won't give you 5G cancer, but they're really a horrible idea as they stand and I don't recommend anyone install them, at least not in the UK.