In the latest of our ongoing series of specially commissioned, independent, analyst-written Insight Reports, Dr Therese Cory of Beecham Research examines The Benefits and Challenges of Making Utilities Smart. She describes how smart metering is progressing, the challenges being faced, and reveals some new business opportunities and unexpected threats.
Utilities move towards smart metering
As the world enters the second decade of the 21st century, a major energy crisis is unfolding. There are concerns that in Europe, older power stations operating at today’s levels will not be able to meet the demands for energy by 2020. According to Smart Energy GB, the cost of home energy in the UK has risen seven times faster than household income in the last ten years.