Digital transformation of every aspect of life is occurring at a fast pace, and it is indeed hard to say if there will be any part that will remain untouched. Electric vehicles, automation in homes, offices, and industries, intelligent and sustainable energy resources, etc. are just the tip of the iceberg.
Smart metering has been around for quite some time now. It has been in use way before the Internet of Things, or the Internet of things became the buzzword. However, since the time IoT made its way into energy management, data exchange among devices has become flawless. This has pushed practices of commitment towards green energy, carbon emission management and brought in some significant innovations into the arena.
Smart meters exist for every fundamental assistance, from gas and power to water and temperature. To utilize this information adequately, the gadgets are associated safely to an IoT stage over the web that gathers and investigations the information. By means of various dashboards, clients and energy providers can get to this information and create utilization models, measurements, and bills.
Smart homes and buildings with the Internet of things powered energy management systems enjoy a seamless and well-controlled administration of functions and appliances that run on power like ventilation, lighting, security, etc. IoT sensors in the energy management system help accumulate, organize and analyze data into useful information. This information can later be used to make sound decisions to achieve higher energy efficiency.
Let us understand how the Internet of things is benefiting smart meters and utility providers in ways beyond collecting and studying energy data.
Smart Metering Reduces Consumption
Smart meters with the Internet of things increase energy management by offering user data to consumers, promoting data transparency, and energy-saving behavior.
Smart Meters Promotes Use of Renewable Energy
The demand for renewable energy is rising every day. Grid-scale renewable energy projects are more efficient than individual projects undertaken by consumers. Large-scale renewable energy projects are also better managed by smart grids. Smart meters connected to smart grids help power suppliers understand the two-way flow of energy from the grids and communicate it with consumers. This allows users to go for a personalized plan so that they can make most of their renewable energy strategy.
When embedded to smart meters with the Internet of things, Edge analytics help utility companies increase their service quality and boost their performance. This, in turn, helps in reducing operational costs remarkably.
Several home automation and electric companies have stepped into this exciting arena to tap the potential of the industry. Schneider Electric has introduced EcoStruxure™ Smart Metering Advisor that works as a storage for operational data and a Meter Data Management System in the technology world. It is highly reliable and also flexible for increasing network demands. Schneider Electric is also known for its reasonable price range and excellent after-sales service.