Smart metering helps save electricity

As part of the transition to renewable energy, smart metering will help to efficiently integrate solar energy, wind power and thermal power plants into the electricity portfolio and optimize grid utilization. This not only eases the burden on power plants, because they then run less frequently in partial-load mode, for example during power peaks, but also can lead to new business models, such as dynamic electricity tariffs. Energy operators can then always offer electricity particularly cheaply if a lot of wind or solar energy is fed into the grid. Consumers' attitudes towards smart metering have also changed significantly in recent years: increasing environmental awareness among customers in the face of rising emissions and scarce domestic energy resources means increasing acceptance of intelligent measuring systems.

What's more, smart meters enable tenants and property owners to monitor how much electricity, water or gas they consume and when, as well as how much they have to pay for it. In addition, they identify which of their appliances, such as the washing machine, vacuum cleaner or refrigerator, are the biggest power guzzlers. And they see how and when they can save more energy – for example using standby mode for PCs, televisions or music systems. Property managers, on the other hand, save time and money because they no longer need to have the devices read manually. Companies can also use smart metering to improve their power consumption, optimize their energy management and reduce energy costs with IoT technology.

Electricity meters are often installed in the basement, usually without an internet connection nearby. That means it’s not possible to establish a network connection to a smartphone, tablet or computer. IoT solutions help customers to conveniently receive and evaluate this information via a data interface: NarrowBand IoT, i.e. broadband radio modules, transmits the smart meters’ compact data information directly to a tablet, PC or smartphone. NB IoT completes the digitalization process and makes it much easier for property managers and private households to take meter readings. A particular benefit is that it is cost-efficient to buy and operate, and the standardized LTE-based technology is very secure.