What does "SMETS" mean? Paul May 23, 2018 10:19 Updated Follow SMETS stands for "Smart Metering Equipment Technical Specification". Related articles Do I have to pay for the installation of my smart meter? What is the difference between a SMETS1 and SMETS2 meter? Do you need an internet connection for Smart Meters? Which Smart Meter do you install? Why are Smart Meters being introduced? Comments 0 comments Please sign in to leave a comment.