Electricity Metering
The roll out of smart meters and the supporting infrastructure will present the single biggest challenge to the utility sector over the next decade. The repercussions for the market are vast and you will need to be flexible, using information from the grid as an asset that will help you adapt to the changing demands of your customers.
MARKET CHALLENGES
Logistics: The sheer scale of roll out of smart meters in any country presents a substantial logistical challenge. In the United Kingdom, for example, over 26 million will be installed in a 10 year period. You will have to consider how to ensure the availability of experienced installation engineers and manage their training and safety issues. The physical management of the roll out will also require meticulous care to ensure it goes smoothly and projected costs are maintained.
Suppliers: Smart meters will mean retailers are being given more information than they’ve ever had before on customers. You will need to manage this data securely, and then find innovative ways to use what you know to create value for your business and competitive propositions for your customers.
Distribution: The move to greener practices, such as renewable energy or electric cars, will result in the entire grid being used differently. The demands placed on the network will be changing and evolving all the time. This will be the key driver for a smarter grid. Your need for information will increase and you will have to have systems in place that can manage this information efficiently.
Energy markets: The growth of renewable energy will mean a fundamental change to the way the central market operates. It is likely that a new central trading body will be developed and so you will have to ensure that whatever structures and regulations are implemented, your systems will be flexible enough to respond and keep you competitive.
THE LOGICA SOLUTION
Logica can support you in overcoming the obstacles associated with a smart meter implementation. We deliver proven solutions to manage the huge training and data management requirements of a roll out so that you can concentrate on managing the wider business change.
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