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Friday, Dec 03, 2021
Outlook.com
News/Budget 2020

A Meter Of Fact

Smart meters to cut bills, let consumers choose power supplier

A Meter Of Fact
A Meter Of Fact
outlookindia.com
2020-02-07T17:17:20+05:30

After waiting over 15 years, giving consumers the right to choose power suppliers based on tariffs and other considerations may take off as new smart meters are being installed across the country. Finance minister Nirmala Sitharaman in her budget speech stressed the need to deploy smart meters on a mission mode in the next three years for the transformation of electricity distribution companies, many of which are running huge losses due to unpaid dues besides power thefts and transmission losses.

Installation of smart meters, which are being acquired under the supervision of Energy Efficiency Services Limited (EESL), is expected to give a significant boost to the distributors’ operations, billings, and collection of dues. According to EESL, they will help forecast future energy demand cycles in real-time. This will help to swiftly rebalance the grid’s energy sources, and achieve renewable energy infusion. With smart meters, the distributors can record and anticipate fluctuations throughout the day, and explore ‘Time of Use (ToU) tariffs’ that accurately reflect energy prices.

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