With an effective energy metering infrastructure energy waste can be brought to a minimum. You, as our end user, will be able to make informed decisions allowing you to cut down needless energy consumption. Additionally your bill will no longer be a mystery. With full bill transparency you will have greater control over your use and be able to negotiate better rates.
For utility companies a smart metering grid means pinpointing the point of concern and reacting to outages even before they are reported. This in turn will drop operational costs and drive down energy rates for the end users. Additionally, costs can be further reduced with remote readings, which eliminates the need for physical readings and benefits the privacy of the end user.