Smart Metering: A Better Way To Monitor Consumer Electricity Usage

Abstract

<div>This paper presents the development and implementation of a low-cost smart meter.</div><div>The smart meter is one of the major components of the distribution network. The</div><div>proposed low-cost smart meter is compared with already existing smart meters</div><div>deployed in the market. The comparison metrics involve cost, security, installation,</div><div>and lifetime. In this study, we have presented the market segment and the beachhead</div><div>market of the proposed product. The TAM size is calculated for better market</div><div>analysis by calculating the overall customer size. A complete proposed process flow</div><div>is explained for cost saving comparison, along with a complete market survey. In this</div><div>paper, the whole technology and hardware needed for the low-cost smart meter is</div><div>explained in detail along with the total cost of testing and installation.</div>