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The UK government has plans to reduce their carbon footprint by the year 2020 by sustaining a 20% reduction in consumption, generating 20% of energy in the UK through a renewable source, and by mandating a roll out of smart meters in 90% of homes in the UK.
Smart meters will collect and generate information on how energy is used throughout the country and will distribute that data through shared service networks. Utilities companies will be faced with harnessing the collected data from these systems and turning it into value.
This video discusses just how some of the UK energy providers are utilising the smart meters and the information they provide to improve customer experience and profitability.