Big Question smart meter data

Smart meter data worth more than electricitySmart meter data has the potential to be a goldmine to third party sources, whether retailers or marketeers.

One industry expert in the US has warned that information on consumer habits and behaviours within the home "is going to be worth a lot more than the commodity that’s being consumed to generate the data".

Miles Keogh, director of grants and research at the National Association of Regulatory Utility Commissioners, predicts the business model of energy companies changing when their most valuable asset is the "not the kilowatt-hours but the data".

Mr Keogh said aggregated data allows utilities to get around the consumer consent and this information he predicts will be the most valuable for third-party companies.

Value of data overblown

Others are saying no, smart meter data will not become the cash cow of utilities.

Richard Caperton, director of national policy and partnerships at Opower, said: “It’s … speculative to assume that the data will be incredibly valuable.”

And then there is a third opinion expressed by a Metering.com reader.

Kenneth Glick of Enviro Equipment Inc says it's not the impact of smart data on the utility business model that matters, but the pressure it creates on the industry to help homeowners and businesses to be more energy-efficient.

What do you think?

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2 COMMENTS

  1. The comment that “the standards world is aware” exemplifies the problem. Those involved with the standards are engineers immersed in the industry. For them the relevant data is data which is necessary for billing or performing grid functionality. The value that is spoken off when we say it could be worth more than electricity is behavioural and occupancy information which can be derived from usage. That’s not being considered because it’s not in the mindset of those involved with the standards. They’ve been asked to design a round peg and are spending billions on generating beautiful round pegs. They have no concept of square holes.