Addressing the Roadblocks in Wireless Energy Meter Implementation
Even though the market share for the Smart Meter Manufacturing industry in the UK is comparatively low, the Smart Metering Implementation Programmer has significantly boosted sales from large-scale customers like gas suppliers, energy suppliers and residential contractors. 55% of all meters around the UK are now advanced wireless energy meters, with approximately 31.3 million devices already installed in small businesses and residences across Great Britain by the end of 2022.
Already, the WiFi-enabled energy meter market is deemed the most profitable one, worth $36.3 Billion by 2028, as per experts. The commercial segment is one of the significant drivers, enabling businesses to capture real-time data on energy usage and identify patterns or areas of improvement in energy consumption. By tracking and managing their electricity usage, commercial sectors can reduce their energy costs and improve their bottom line.
Unlocking the ROI Factor in Wireless Energy Monitor
Remote energy monitoring with smart meters not only supports businesses in their quest for a net zero carbon footprint but they are also proving indirect sources for boosting higher ROIs.
For example, wireless energy monitoring devices from Eastron Europe, like the SDM630MCT-LoRaWAN-MID series, have unlocked revenue opportunities for their client and maximized their returns on investments. These wireless meters are scalable, easy to retrofit, and non-intrusive, offering seamless installation and deployment.
The wireless metes are imbibed with new technologies, like a built-in LoraWAN module that wirelessly transmits data to any LoRaWAN gateway, enabling the devices to detect anomalies quickly, troubleshoot problems, reduce operating costs, and provide feedback to consumers in real-time. The SDM230-LoRaWAN wireless meters from Eastron Europe support 15 measured parameters and 4 different kWh measurement modes, designed around the development of regeneration, such as solar and battery storage. Therefore, the pulsed output will reflect the total kWh of power used over a given period.
Hence, a clean picture is easily obtained. The data further benefits commercial users in the following ways:
- Prevention of incorrect billing
- Monitoring of daily consumption
- Anomaly detection
- Reflection of trends and patterns
- Enable energy-efficient decision-making
- Minimizing excess power usage
- Effective reduction of the overall consumption cost
Furthermore, consumption data from smart meters reflect trends and patterns, thereby providing inputs into predictive billing so users can regulate their monthly billing amount.
With negligible installation charges and cost-efficient energy usage possibilities, these WiFi current monitors are ideal for maximizing ROI for any commercial centre or business organization.
However, as stated earlier, the market is still in the stage of early adoption, and utilities are just recognizing the quantifiable operational and financial benefits.
Other Value Propositions of WiFi Power Meters – A Brief Overview
Smart wireless meters provide automated and streamlined meter readings that support a time and effort-efficient medium to optimize power usage. Smart technology helps reduce utility bills, manage their carbon footprints, and boost the company’s overall operational efficiency. Remote monitoring and real-time data increase awareness, and mobile connectivity allows customers to manage their consumption. For example, manufacturers or businesses can easily turn off high-electricity-consuming devices temporarily during overload and reduce demand below the current generating capacity as and when alerted. This makes for a safe, secure, reliable and cost-effective utility grid.
The other value propositions for WiFi electric meters would be:
- Timely and variable usage-based billing with reliable data
- Optimized events management like outages, tampering, theft, errors, and so on
- Reduced back-office rebilling
- Better management of transformer load
- Ensuring employee safety through on-time incident management
Key Benefits of Wireless kWh Meter for Businesses
Investments in Wifi power meters have ascended in recent years as businesses are exposed to the return benefits of smart meters apart from the aforementioned value propositions.
Here’s a brief overview of the key benefits enterprises could leverage from these remote monitoring devices:
Frictionless Installation
A wireless energy monitor for smart meters from Eastron Europe is easy to install without the complexity of wiring or antiquated display. This seamless infrastructure does not disrupt regular operations and is best suited for businesses of all sizes.
Accurate and Reliable Displays
Energy consumption data is easily trackable, recording and displaying usage on a daily, weekly, bi-weekly, or monthly basis. The real-time data allows enterprises to identify the units that are major offenders and take measures to minimize wastage and curb overwhelming electricity bills.
Money and Energy Optimization
As mentioned in the above point, power consumption data helps businesses to make informed decisions and target energy-saving methods. This will enable users to optimally utilize their power and energy costs while curbing their carbon footprint.
Regardless of the benefits, the initial deployment concerns of smart meters can deprive owners of the immense benefits, as stated above.
Roadblocks in Wireless Energy Meter – Addressing the Elephant in the Room
There are initial concerns regarding the accuracy, security and integrity of smart electric meters, including adherence to national standards and state and local requirements. These are essential for proper and secure operation.
Therefore, a few measures should be considered during the deployment of these devices, as mentioned below:
Planning and Maintenance: Optimal benefits from energy meters are best leveraged only on their successful implementation and accuracy of operations during project planning, deployment and maintenance of systems. For instance, EasyLink remote monitoring device from Eastron Europe is easy to deploy and simple to integrate with existing devices. It is a top-tier IoT solution that performs in locations with limited connectivity and is pivotal for efficient energy management and remote device monitoring, ensuring operational excellence in various sectors.
Security and Integrity: Security and integrity of industrial meters are major concern areas. These wireless meters incorporate appropriate security measures and adhere to local data regulations for data validation, privacy and encryption, access control, and error checking.
Reduced Deployment & Maintenance Time: Self-reliant, multifunction WiFi electric meters can run diagnostics, repair and maintain proper operations that involve minimal time and manual efforts. Therefore, manual meter readings and other in-person data capture have been greatly reduced, enabling a more integrated, accurate, faster, and smarter solution for businesses.
Wireless Energy Meters – The Smart Choice for Businesses
The plethora of benefits and multifunction features make wireless energy meters the ultimate choice for businesses looking for ways to curb their operational costs and reduce carbon footprints. These metering devices from Eastron Europe and others are profitable one-time energy efficient investments guaranteeing highest returns. They are truly the smart energy optimization solutions apt for a greener future.