I think people are getting a bit carried away by urban myths here, let us start with a few definitions, there is V x A Watts ( or apparent Watts) and there is V x A x PF (power factor) or real Watts, the old spinning wheel meter could only measure real Watts, but a smart meter measures V and A and PF so there is the possibility for a smart meter to ignore PF and just calculate VA Watts but it doesn't, do you really think anyone would allow that to happen?, both first generation (SMETS1) and second generation (SMETS2) meters only report the use of real Watts not VA Watts