Isn't 2G only a bit shortsighted?
What would concern me about these meters is that the mobile technologies are likely to progress very quickly over the next while and 2G GSM will disappear faster than a lot of people think.
At present, the major problem with UMTS-3G is that it's stuck on the 2100MHz band which is giving it relatively poor signal propegation characteristics comapred to GSM-900Mhz.
Once the licensing and auctioning of spectrum is complete, you'll find that mobile operators will move very quickly to using their 900Mhz spectrum for 3G/4G services. The majority of mobile phones already support both GSM and UMTS, and their life expectancy is typically only a year or two at most so, there's no real difficulty in switching over to exclusivley 3G networks. It is not in any mobile operators interest to continue using GSM beyond its "best before" date as UMTS makes far more efficient use of the available, and very expensive, spectrum allocations that each operator has. So, if you ditch GSM and go with UMTS only, you can support far more customers in the same space.
Many newer handsets already preemtively support UMTS 900Mhz e.g. most new smart phones.
Also, because UMTS is part of the GSM family of standards, the switch off and cut over to exclusively 3G networks will be seamless. Most users won't even notice, unless they've very old handsets.
I sincerely hope that this power company has easily swappable out modules or has some plan to deal with the cut over to 3G/4G wireless.
The typical lifespan of an electricity or gas meter is something like 60 years, where as the typical lifespan of a mobile phone is more like 2 years. So, mobile network providers really have no particular interest in supporting legacy devices.
If you're a power utility with millions of installed devices depending on an old, soon to be killed-off data transmission system, you could be left high and dry with millions of meters and no way of reading them far sooner than you might imagine!