Abstract
Overview
Introduction
Migrating to a smart metering approach is being pushed by legislation in a
variety of countries. Nevertheless, it requires a significant overhaul of
existing systems. Understanding how to develop a business case and evaluate
the costs and benefits of migration is crucial if the most efficient solution
is to be found. A variety of internal challenges will also have to be overcome.
Scope
- This brief provides an overview of the scale of the investment that will
need to be undertaken when implementing smart metering
- A recommended approach for developing a business case and weighing the
costs and benefits of smart metering is explored
- The focus is on the utility that is migrating to smart metering
- Research comes from online surveys and interviews with vendors and
retailers
Report Highlights
Migrating to smart metering will involve replacing legacy infrastructure with
new investments. Key investment areas will be in hardware, communications and
networking and software.
Developing an effective business case for smart metering will require each
operational area to address the impact smart metering will have on it.
However, the benefits will likely be insufficient unless the utility also
includes the variety of demand and supply-side management benefits that smart
metering provides.
Business case modelling must sit within a wider smart metering roll out and
adoption strategy, which typically involved planning, procurement and
deployment phases. A need for executive sponsorship is also critical and the
issue of marketing must also be addressed.
Reasons to Purchase
- Understand the scale of systems overhaul that will be needed to implement
smart metering
- Gain insight into how to develop an effective business case for smart
metering
- Discover what other internal challenges utilities considering migrating to
smart metering will be faced with
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