Cost Benefit Analysis for Smart Metering

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Cost Benefit Analysis for Smart Metering
YADIRA CRUZ, Teacher, Colombia

I would like to see an example of a cost benefit analysis made for the implementation of a smart metering system. Could anyone show me one?

Cost Benefit Analysis for Smart Metering
prayag dutt, Student (MBA), India
A very nominal charge may be taken from the consumer by the electricity supplier after all things are taken care of by the supplier. May be in the form of monthly fixed charges. After that the consumer obtains the following benefits:
1. Energy and information flow simultaneously. By this you can manage your demand as per the tariff rate provided by the supplier
2. You can book your demand in advance
3. Now consumers may become prosumers means consumer. Able to self generated electricity with the help of pv/wind/phev to the grid.
4. You are aware of your consumption pattern
5. It will help the electricity supplier to monitor the things in a better way so that outage may be prevented, and the consumer receives a good quality of electric supply...
These are a few, there are many more.

The Real Benefits and Profit Come from the Customers
Tyrone Skogstrom, Management Consultant, Sweden
And you need to define what improvements are linked to this particular product development or improvement:
- The marketing and communication about the customer's benefits probably have a much greater impact on increased sale, than the actual functions.
- Add to that most customers have cost reduction as their primary decision focus.

There needs' to be a two-step communication first the "nice feature" aiming to emotions. And then the second one, for example a business case for the customer, showing what money to gain.

The actual cost benefit analysis is straightforward and not so hard to do. What is hard is for you who make's the business justification/business case/cost benefit analysis to have influence in the product development to ensure there is something to communicate with the customers about your improvement.



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