How should data from smart meters be used to improve the power supply chain ?

An article in the Wall Street Journal titled “Utilities Try to Learn from Smart Meters (http://online.wsj.com/article/SB10001424127887324123004579055070644003780.html) describes the continuous flow of data from smart meters in consumers homes. That data, coupled with sensors in power generating equipment owned by utilities generates a lot of real time data, that yearns for useful deployment. Audits of consumer power consumption can pinpoint faulty equipment, like a malfunctioning pool pump that caused high utlity bills for a consumers. Sensors in equipment enables utilities to do proactive repairs, thus saving downtime costs. Energy audits for retailers can result in recommendations for energy savings bulbs and a potential to cost utility costs by 50%. Will such use of data enable the industry to feed the growing power demand without adding upstream capacity ? Will consumer use of this data enable a more quantifiable analysis that will grow demand for energy efficient products ? Will the lower power bills enable a dialog with consumers to install alternate energy generating solar panels ?

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6 Responses to How should data from smart meters be used to improve the power supply chain ?

  1. Ashish Agrawal says:

    Presently where power demand is increasing tremendously year on year, the introduction of smart meter will definitely reduce the pressure from the local government. The real time data provided by these meters will help to understand the consumer behaviour pattern and all the losses in the system. Now power companies will have the better controlling over the power losses because of inefficient equipment or because of power theft. Also these data will help the consumer to understand their power consumption pattern and hence will force them to buy energy efficient products which in turn open the new doors for research and development of such products. All these data will definitely help the companies to reduce their losses and to fulfil the growing power demand without adding upstream capacity. But for the storage and analysis of such big data requires a huge amount of infrastructure and investment. So now the question is who will pay for it customer, government or power grid companies.

  2. Sarath Suresh says:

    The smart meter initiative is a brilliant step of innovation into using data for power consumption.Despite how much energy efficient our appliances are there is always a power wastage at certain stages which can be monitored by smart meters.Thus it will pave a way to the continuous improvement on reducing power consumption.Thus i think by using such initiatives industries should be able to switch to much energy efficient machines by analysing the data,however, the access to capital to purchase those machines is a big question.Incentives need to be provided in order to provide the use of such meters and shift to better practices.The fear of people not shifting to non conventional sources of energy once the power bill reduces is definitely an area of concern.This will be true with the low and middle income levels who dont have the capital to invest in non conventional sources of energy.

  3. deepakregu says:

    The potential benefit of the deployment of smart meters is that energy providers will be able to trace peak load patterns among domestic consumers for whom tariff is relatively cheaper. This allows plan load scheduling and they can revise peak tariff accordingly. This would encourage consumers to stagger their usage and drastically bring down peak load consumption. That will in turn allow non-conventional sources with less peak load capacity lie solar panels and wind turbines to be more feasible for domestic distribution.

  4. Rohit Singh says:

    Smart meters are great to track load patterns. It helps schedule load and plan tariff and the consumers will also take care of the usage. This also helps alternate sources get a share of the pie.

  5. Mehul Raina says:

    This is a novel way to conserve power and hence satisfying growing demand without actually installing additional energy. It will definitely lead to cost savings for households and businesses. Power is data is undeniable. The moment we are able to compare cost saving figures for using energy efficient devices, it will spur use of more and more such devices.

    This will in turn inculcate a behavior among consumers wherein they will actively look for ways of energy conservation. Maybe a platform for renewable energy to go to the next level.

  6. Shiv Kamat says:

    The concept of smart meter definitely looks interesting since it looks at usage history of consumers and then suggest ways to reduce their final power bill which definitely is a win-win for the customers.The alternate energy will only complement the smart meter in future in order to achieve a better eco-friendly power sector.

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