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Meeting the Challenges of Smart Grid Charging and Billing Product Image

Meeting the Challenges of Smart Grid Charging and Billing

  • Published: November 2010
  • Innovation Observatory Ltd

Utility companies today rely on legacy systems that were designed to handle simple tariffing schemes and batch processing of usage data based on quarterly or monthly billing cycles. These systems were not expected to accommodate complex charging paradigms based on hourly or half-hourly interval data produced by smart meters, nor to handle new challenges such as consumer energy microgeneration.

To cater for these envisaged smart grid service innovations, utilities will need new systems functionality in order to process high volumes of smart meter data in near real time, handle a wide variety of usage-, time- and event-based tariffs, and enable flexible new service creation, discounting and promotions.

Traditional utility systems vendors, such as the market leaders Oracle and SAP, are making ready their smart grid solutions, but there is also an opportunity for vendors from the telecoms sector, which already has sophisticated charging models, to address the smart grid sector. These vendors have proven credentials in processing real-time transactions at scale, and can demonstrate the applicability of their products to smart metering scenarios. The emergence of these vendors READ MORE >

- Executive summary
- Introduction
- Smart grid charging and billing challenges
- Strategic options for systems evolution
- Vendor solutions
- Market forecasts
- Implications
- Conclusions
- Vendor profiles

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