Because of the significant enabling role smart meters can play in securing the transition towards sustainable energy distribution, the paper provides insights to support smart meters implementation projects. Energy utilities must propose adequate solutions to manage grid-upgrading projects and, in the meantime, increase efficiency levels. Based on empirical data analysis the paper provides insights aimed at maximize probability of success of smart meters projects. Results show common patterns of variables that may support project undertakers, policymakers and scholar when it comes to analyze projects to predict to maximize opportunities. For smart meters projects to succeed, regulatory stability is essential as long-period investments grids produce benefits for energy utilities, and for society.