Smart metering solutions based on remote meter reading address the future needs of utilities and consumers for efficient energy management. They provide utilities with necessary data to manage energy use, anticipate demand, and achieve cost efficient operation. On the other hand, by receiving energy bills based on actual consumption, end-consumers gain the ability to monitor, predict and influence energy costs by changing their consumption behavior.
With the gradual introduction of smart metering elements, the much anticipated smart grid is becoming a reality. The current infrastructure is evolving into a multi-directional and dynamic system that will be the base for managing centralized and decentralized generation. At the same time the smart grid will increase the transparency to all stakeholders striving for a balanced and sustainable energy use.