For electronic energy metering use:
The tech specification may be summarized in brief:
Accuracy: class 1 or class 2
Carrier communication with intermediary transmitter
multi-tariff metering
IC card (optional)
Are there any other features which are necessary to be a smart meter?
As far as I know, the carrier communication is not so reliable, people encounter data-loss frequently, So many engineer might think about the technical trends in the future.