Utility Industry & Energy Management
In a smart grid infrastructure, sensors and communication modules are added to the smart meters on the network. The data collected by the sensors (power, voltage, fault detectors, etc.) are transmitted to the cloud for monitoring and billing. These smart meters can be remotely managed and configured from a central operation center, utilities can connect or disconnect services, and don’t have to send workers out to read meters and look for broken devices.
Consumers can also benefit from the time-of-use tariffs and smart meters’ up-to-date display. Consumers get to know more about their electricity/ water/ gas consumption information, and therefore better manage their energy usage and reduce energy bills. Utilities companies can also generate power more efficiently from the analyzed and predictable energy demands and don’t have to use expensive fuels/ electricity supply to keep up with peak demands.
In the utility industry, power plants, renewable energy, households and office buildings on the smart grid network can all benefit from the smarter energy management.
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