A smart meter revolution is the need of the hour to revolutionise the energy landscape of India and achieve the goal of energy efficiency. The government of India launched an ambitious plan to replace 250 million conventional electric meters with smart prepaid meters by March 2026 under the Revamped Distribution Sector Scheme (RDSS) to enhance financial sustainability for distribution companies while reducing aggregate commercial and technical losses. In 2020, power distribution companies (DISCOMs) implementing advanced metering infrastructure (AMI) witnessed an average 15 percent rise in monthly revenue per consumer, equivalent to INR 250.
In a study three years ago, Uttar Pradesh, significantly advantaged by smart metering, experienced a notable 36 percent decrease in exceptional billing across four DISCOMs. The New Delhi Municipal Council, the pioneering DISCOM achieving full-scale 100 percent smart meter deployment, successfully tracked all instances of meter tampering and unusual consumption patterns in real-time.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
