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This paper presents possibilities of implementing the system for remote control and automatic meter reading in Distribution Utilities in Serbia. Conception and structure of new system is illustrated. Advantages of new meter reading system over conventional system, like reducing the costs due to unpaid electric energy, non-technical losses, improving the quality of delivered electric energy and possibility of load control are pointed out. On an example of Belgrade Distribution utility, cost-benefit analysis for wide-scale implementation of new remote control and automatic meter reading in a distribution grid has been outlined.