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Will Smart Metering Be The Vital Vaccine For Ailing Indian Power Distribution Utilities?
The application of smart meters to Indian power distribution utilities may prove to be as vital as the vaccine during COVID 19 times in order to improve upon their ailing financials.
Smart meter market across the globe has seen fair bit of development but penetration in India has been still in the nascent phase. With growing per capita electricity consumption in India and higher ingress of renewable energy coupled with concept of prosumers breaking grounds in India, going smart meter way remains the imperative. This shall serve a big milestone for Indian power distribution utilities in departing from legacy of interoperability issues of MBC (i.e., metering, billing & collection) which has led to massive commercial losses for them. Along with, the launch of SMNP (Smart Meter National Programme) the gaining impetus for promoting smart cities shall augur well smart meter’s being infused at all application levels. The key shall be enthusing penetration in the residential consumers category for smart meters to replace the conventional meters. Further, the scenario-based market assessment shall be pivotal in the post COVID ...
... 19 market evolvements in sync with the intent to push domestic manufacturing in the country as data security sticks being a cause of concern as well.
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