Smart meters, would enable to manage to record and manage electricity or performance of an electrical device at the same time. The pointers which make a meter smart is to provide an accurate analysis of reading on a real time basis. The smart meter suppliers ensure it can be at pre- determined levels without the aid of a supervisor. As per estimates 94 % of the households do not have an electrical metre connection in their homes. These companies have gone on to replace analogue meters. Such meters are the ones that are ready manually.
There exists a potential for collecting a major chunk of information which includes information relating to consumption of electricity. The value of timely or accurate measurements along with the estimation of monthly visits would pave way for quicker reading visits. Despite the fact it is an energy efficient or a profitable way to be managing an electric grid concerns exist about collection of personal information as some type of information could be unnecessary about electrical use. There are a series of challenges or benefits that the smart meter manufacturers in India are bound to encounter.
The benefits of smart meters for a consumer
· Far better and a detailed feedback when it comes to the question of energy use
· Habits can be adjusted to be lowering down the electricity bills
· Eradicates the possibility of black outs along with system electricity failures
For electrical companies there are a number of drawbacks when it comes to electrical meters
· There is no possibility of monthly readings
· On a real time basis the electric meter reading is monitored
· Power resources are being used in an efficient manner
· The concept of dynamic pricing emerges
· Reduces the capital expenses when it comes to building new plants.
Any
form of disadvantage would be on a short term basis
The new resource technology is bound to present various challenges which could turn out to be expensive. It might lead to expensive, data storage at an intensive level, or privacy problems which could loom over commercial or domestic technologies. If a consumer is not familiar while managing a new form of energy system on their own they would be paying less attention when it comes to the energy saving potential of the smart meters. Even the personal data would be used for various purposes.
Most of the drawbacks of smart meter is likely to emerge on a short term basis, but these type of changes would be slowing down the process of adoption on a long term basis. More so it is going to be the case in rural or off grid regions. Any promise to protect and value the personal data of the users could turn out to be feasible if the company does not opt for cyber security or technical leadership in the charter of organizations. A consumer protection would be fundamental for a product. Even the responsive features would make it ideal for an utility company.
