Energy snapshot

Global contracted installations of electricity smart meters

Global contracted installations of smart meters grew 22% annually from 2012 to nearly 570 million units in 2016. Smart meters are an important precursor to smart homes as they can enable customers and smart devices to adjust energy use in response to changes in energy prices in real time. There is, however, considerable diversity in meter technology and functionality that could limit their role in optimising home energy use.

Smart meters do not directly result in energy savings but enhance or enable other savings opportunities by measuring household electricity use frequently enough (typically every 15 minutes or hourly) for household occupants (or devices) to respond in real time. Smart meter data can also be used to validate efficiency project savings.

Source: Energy Efficiency 2017

5 October 2017

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