A Smart metering system

Abstract

A Smart metering system or issue is captivated by countless profits. Projects in India and other countries prove that smart metering is technically practicable. Main issues are the real value of the payback, the outlay involved, the distribution of overheads and gross settlement of smart metering between markets parties involved. An advanced metering road and rail network put forward the leeway for auxiliary energy allied services such as demand side management and consciousness of virtual power plants. The potential of smart metering relies profoundly on the policy and decisiveness of the legislative bodies mixed up. Energy savings and an improved security of supply are the major drivers and deems in smart metering as huge targets of a nation.