It has been twenty-five years since we witnessed the innovation and behavioural transformation that was ushered in by the Internet. Back then a digital reality discovered through research at CERN by British computer scientist, Tim Berners-Lee, was viewed as quite radical, today it is part of our everyday lives.
We’re now seeing innovation and ambition at this scale right across the energy sector, particularly in the application of smart-technology. The digitalisation of the energy grid is enabling more and more devices to be networked, offering people new ways of understanding and managing both their environments and their lives and businesses. One of the biggest enablers of this innovation is arguably the smart meter. It is responsible for enabling the shift in smart energy consumption and it’s an asset that needs careful management to ensure it is fully protected.
Smart Asset Management
The benefits of smart meters to the consumer are well known, particularly the improvements in accurate billing and encouraging customer’s engagement with their energy usage. There is, however, a challenge to the owners of the devices. These functionally rich smart devices are highly configurable and of high value, therefore any system put in place to track these assets needs to be flexible and configurable as well as accurate with attractive set up and operating costs.
The introduction of the DCC in the UK has meant that more devices are operating under a coordinated, structured umbrella, whether it is the Energy Suppliers themselves, Meter Asset Providers or Meter Operators/Meter Asset Managers. The advancement in smart metering hardware has meant that meters must be built to factor in future industry development considerations such as faster switching. This switching is facilitated by highly intelligent devices and will in the future become the norm, suppliers as such need to be ready to ensure that their meters are calibrated correctly.
Accurate and reliable tracking
Energy customers are becoming more technically savvy in managing their home environments and energy usage. Accordingly, so does their desire for reassurance that the devices measuring the usage are as accurate as they should be. We at Generis are very confident that as the smart metering rollout gathers momentum that any questions about reading accuracy will steeply decline.
However, it makes sense to assume that legislation implemented in various markets around the world have also highlighted areas where utilities could be required to calibrate a percentage of their ‘meter lot’ within a given time scale, therefore keeping consumer confidence high. This would increase operational costs to the utility, to satisfy any legislative requirement and further add to the challenge of tracking, managing and reporting on the assets.
At Generis, we’ve developed a new Asset Tracker ‘cloud based’ product which includes an accurate and reliable reporting facility which ticks these boxes. B-Smart Asset Management solutions are well equipped for any future changes, to ensure singular, or multi-utility companies have the tools in place to manage such processes in an accurate, cost effective manner.
For more information about our Asset Management solutions, visit: https://www.generis.co.uk/what-we-do/b-smart/asset-management