Future of Electricity is Digitization

#News(IoTStack) [ via IoTGroup ]

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Future of Electricity is Digitization

Lacking Fiber Infrastructure- Big challenge…
Street Light Poles- Potential Monetization…

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The situation demands a program for digitizing the complete distribution chain and leveraging the most advanced technologies such as data analytics, cloud and Artificial intelligence.
This initiative of executing largest digitization programs is being led by EESL in partnership with other state utilities of building Advanced Metering Infrastructure (AMI) for 300 million consumers amounting to almost ₹1.5 lakh crore (~$21 B) investment.
This program includes deployment of smart meters at the consumer level which will be providing real time information through a wireless network (RF Mesh/ 3G/4G or NB IOT) to a centralized platform hosted on Cloud.
The program is already helping in cutting down theft, errors in meter readings, inefficient billing and collection, collusion of utility staff and consumers.
In addition, the availability of real time data helps faster service restoration, power quality monitoring, distribution network optimization and generation of asset utilization reports.
The future of digitization of electricity is very promising for all the stake holders including power generating, transmission, distribution companies and consumers.
This distributed and decentralized renewable power program is hugely transformational business model which will help consumers to pay for net balance between the power consumed and the power contributed back to the grid.
2. Pre-Paid Metering – The integrated real- time chain of power consumption and billing with the ability of remotely disconnecting the consumer will help utilities in avoiding the losses on account of unbilled units and thereby managing the cash flow better.
The AMI will provide real- time analytics through mobile apps, hourly/ daily/ weekly appliance- wise energy consumption reports, alerts on irregular consumption and intelligent decision support

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