Accelerating the
Industrial Internet of Things

Energy Usage and Billing Information

Energy Usage and Billing Information
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DESCRIPTION
Smart meters are essential to efficient energy consumption and a key part of the smart grid infrastructure. Smart meters help consumers stay fully informed about their daily energy use and eliminate wasteful routines or get rid of inefficient appliances. For utility companies, the real-time visibility into energy consumption process translates into accurate billing data and the ability to balance demand against supply via flexible pricing and other policies.
Smart metering systems are helping energy and utility companies meet these evolving demands and IoT smart home systems are providing homeowners with convenience, comfort and the ability to manage consumption. Smart energy solutions provide real time visibility into consumption and billing data helping consumers to conserve resources, while energy and utility companies are better able to balance production to meet actual demand reducing brown outs and other potential issues. These smart systems also enable operational efficiencies that require fewer service visits, reduced labor costs and improved cost efficiency for consumers and producers alike.

These smart meters provide accurate, up-to-the-minute consumption data making billing more transparent and less confusing for consumers. It allows utility companies the flexibility to automatically adapt pricing schemes to match seasonal and off-peak demand to give consumer the best pricing possible.

Businesses can reduce their energy demand by turning off lights or adjusting heating and ventilation systems, and often only need to do so for an hour at a time to see results. By lowering their energy use at peak times, organizations such as supermarkets, hotels, offices, campuses, hospitals and manufacturers can help the National Grid to manage peak loads, and receive dividends for doing so.

In addition, secure M2M connectivity transforms smart meters into high speed smart home hubs enabling new capabilities and services including Internet access, power-by-call and secure over-the-air updates and service changes when needed.

Benefits: Increased awareness of hidden high costs, allowing for the ability to trim expenses
-OPEX Reduction
-Overhead Reduction
-Health & Safety
-Environmental Protection

MARKET SIZE
Installed base should reach 1B by 2020 http://www.businessinsider.com/companies-utilities-save-with-iot-2015-5
Financial earnings could reach up to $160B
http://www.businessinsider.com/companies-utilities-save-with-iot-2015-5
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