The Benefits of Smart Meters

There’s no denying the popularity of the smart meter, as hundreds of thousands have been installed in Queensland, to say nothing of the rest of the world. And it’s easy to see why since these devices are capable of tracking and recording how much electricity a customer is using. In the past you had to rely on analogue meters which required manual reading, but with smart device technology, your total electricity consumption is automatically retrieved by the power company. But while that’s very convenient, it’s not the only benefit that customers can expect.

The Advantages of Smart Meter Technology

For instance, these smart meter devices provide both customer and the electric company simpler, faster monitoring, and it allows the power company to distribute power more efficiently. These meters transmit data in real time so it’s very useful in cases of blackouts and electric load balance, and dynamic balancing is possible. Since the data is readily available, customers will be able to determine if the pricing change is in accordance with your actual use. In other words, both the customer and power company will be able to optimize their budget using the available resources.

The benefits do not end there, as these meters make it easy to verify data and protect the customer’s privacy. Unlike analogue devices that break down easily, a smart power meter is more durable so little maintenance is needed. But more than anything else, survey after survey has shown that many homeowners are happy with these devices as they’re not just easy to use but helps them save money.

For instance, a survey conducted by CenterPoint Energy Houston Electric showed that customers particularly like how these devices help them with energy conversation. In short, these metering devices can make it easier to manage electricity even if you’re in a remote location, and when demand is low, companies can reduce rates dynamically.

Why Customers Should Adopt the New Technology

It’s very important that customers learn what a smart meter is, because it is bound to be the standard used for determining electricity consumption. Besides offering detailed information about customer energy consumption, these devices make it easier for them to modify their habits to reduce the energy bill. Using these special devices, the chances of being affected by system wide power failures and blackouts will be reduced.

It is true there are challenges when implementing new technologies, but these smart devices has made the transition process easier, so it’s not surprising that customer feedback and public reaction has been positive. For power companies, knowing what is a smart meter and the benefits that it can provide make a long term commitment easy. Furthermore, smart devices and meters allow a company to store and manage huge amounts of data quickly and ensure their security.

The Author

I took an interest in the Australian energy sector close to ten years ago and since then have monitored the trends, technologies and direction of the Australian Energy Market. I was drawn to the Australian solar market in 2008 and since then have worked heavily in the field. I am partnered with national and international solar energy companies, from manufacturers of solar panel and inverter technology, online software developers that introduce tools to quote, monitor and manage solar power systems and media organisations who like myself, closely monitor the solar and renewable energy sector.

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