POWER FUTURISTIC PRIVATE LIMITED

In their own words

Smart metering (SM) has multiple definitions [1–5]. A common understanding of SM considers it as a combination of an electronic meter and a communication link. An electronic meter computes how much energy is consumed based on electronic signals and sends this information to other devices. Smart meters are predominantly based on wireless technologies to allow for a two-way communication between a user and a utility supplier. It converts end users into energy customers who become aware of individual energy consumption and it enables them to undertake appropriate actions directly, aiming at energy consumption reduction with di_erent second order objectives, like minimising the energy cost, meeting environmental goals or increasing local energy security. From a technical perspective, SM can be considered as a control system with the role of providing feedback to the energy system participants. There are two key aspects characterising SM as a technological system. The first one, which is grounded in the definition proposed in the United Kingdom (the UK), focuses on the technical capabilities: Smart metering is designed to provide utility customers information on a real time basis about their domestic energy consumption. 1. Improvement of customer service and retail market functioning for all customers and not just for a limited number; 2. Offering the right balance between functionalities and cost. 2. Being as open as possible to downstream innovation in the home “beyond the meter”

Written by the company on its public Startup India profile. Not verified by us.