The smart meter communicates with the supplier to transmit data for monitoring and billing. Smart meters typically record energy hourly or more frequently and report at least once per day. It has a display screen that shows real-time energy consumption as well as estimated bills. A smart meter is an advanced version of a traditional metering system that uses mobile technology to automatically send readings.
A smart electricity meter is made up of devices that record data on the consumption of electrical energy, gas, water, current, and other parameters. These smart electricity meters also communicate information to the customer for a better understanding of consumer behavior, as well as utility suppliers for system monitoring and customer billing. The global market for smart electrical meters is highly fragmented, with small and medium-sized manufacturers dominating. The smart electric meter is making inroads into both developing and developed countries, owing to the increasing adoption of renewable energies such as wind and solar energy.
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