nickb800: IIRC with the old spinning disk type meters, they are more likely to under-record your consumption (i.e. you would expect an increased power bill shifting to a smart meter). The idea behind it was that friction builds up over time, slowing down the disc and other rotating bits thus under-recording. Can't remember where i read this (might have been GZ). Perhaps someone here knows for sure?
I read a report showing creepage occurs in spinning disk meters where the meters continue to rotate even with little or no power.