Prepaid Metering
In the electrical business, prepaid metres have been nothing short of a revolution. Power utilities may easily charge and collect from the public for electricity they use thanks to this. Customers may also monitor their power use in real-time thanks to the system's real-time display.
In the past, the Electricity Department employed postpaid metres to monitor the usage of its customers. In most cases, the readings from these metres were inaccurate. The only choice available to customers was to pay their power bills in accordance with the readings displayed on the metres. Consumers were losing a lot of money as a result of it.
The Electricity Department lost a great deal of money when customers either relocated or fled without paying their bills.
Due to the AT&C losses, the DISCOMS take the brunt of the brunt of the AT&C losses because they are graded on revenue collection. Because of this, utility companies must switch to prepayment metres.
Consumers can track and monitor their energy use with Radius' Xenius platform, while utilities can keep tabs on the money generated from the sale of power thanks to Radius' Xenius platform.
The Electricity Department also suffered financial losses due to the fact that it was receiving the income monthly from postpaid metres. In many cases, customers either relocated or fled without paying their bills, resulting in significant losses for the department. Many customers also employed illicit techniques to tamper with their metre readings, causing the department to suffer greatly.
Aggregated Technical and Commercial losses are referred to as AT&C. It is the aggregate total of technical and commercial losses, as well as a shortfall owing to billed amounts not being realised. The formula for calculating them is as follows: If you subtract the amount of energy you really used from the amount you actually paid for, you get AT&C's loss:
There are three types of distribution businesses (DISCOMS): public, private, and hybrid. To put it simply, the AT&C losses have taken an enormous toll on the DISCOMS since their success is measured on the basis of their revenues. Prepaid metering is a must for utilities because of this.
Prepaid metres allow the DISCOMS to receive income in advance, so they don't have to chase down a huge number of delinquent customers. In addition, because the computation is done in the backend, which is a completely compliant system, prepaid metre readings cannot be manipulated in any way.
For the first time in India, Radius Synergies International has introduced the concept of prepayment metres. An energy management platform that Radius provides allows customers to measure and monitor their energy use as well as aid utility companies to track income realised in relation to the amount of power sold. The Xenius mobile app provides users with centralised access to real-time data about their energy usage. In addition, they may use the app to make an online payment for their power bill from any location.
