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With the surge in the use of various utilities, there is heavy demand in smart meters. The smart meters serve as a smart link between the utilities and customers.
Smart meters use wireless networking to transfer information back and forth between utilities and customers.
The consumers can get a real time experience like reading monthly-billing, electricity consumption in graphical format and many more things by using the smart meters. Even the smart meter can inform the user about the cheap time to use the various utilities to save energy and monthly billing too.
Additionally, this system can help in providing efficiency to the power plants.
Most of the smart meters that the consumers use lack standards. So the customers pay ransom and waste more energy. The most advanced smart meters can be connected to the home-area networks to offer various efficiency measures.
According to a research firm, Pike, there will be global demand of about 18% of smart meters by 2015.
