Abstract

Power Industry is going through a paradigm shift of replacing its traditional electric meters with a real time and two-way communicating smart meters. Smart Meter roll-out is the first milestone in traversing the journey of Smart Grid. This transition shall lead to major behavioral change of consumers and utility professionals because smart meters will be more than a mere electricity monitoring device. Smart meters will empower consumers by monitoring their consumption pattern, carrying out on-demand read and enable them to use power resources efficiently. To carry out smooth transition, utilities are expected to prepare themselves and streamline their routine practices by strengthening processes to manage highly diversified nature of smart metering eco system.

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