What is a Smart Meter?
Smart meter is an advanced electricity meter, which empowers consumers by providing real-time insights to optimize electricity usage and reduce bills. Smart meter communicates real time, data driven information, which allows distribution companies to better understand the grid management and consumption pattern leading to improve grid performance and quality of services to the customers. The shift to smart meters lay the foundation for a future smart grid infrastructure in India.
Business Overview
The government of India has embarked on replacing 25 crore conventional meters with smart meters by 2025-26. The Smart Meter National Programme under Revamped Distribution Sector Scheme (RDSS) aims to:
- Improve quality, reliability, and affordability of power supplies
- Reduce AT&C loss to 12–15% by FY-25
- Reduce ACS-ARR Gap to Zero by FY25
AESL with a market leading position is revolutionizing energy management by replacing traditional utility metering systems with advance metering infrastructure. As a service partner to distribution companies, we will install and maintain smart meters across India by offering meter hardware, communication networks, cloud infrastructure and data management systems under the Design-Build-Finance-Own-Operate-Transfer (DBFOOT) model.
AESL has forayed into smart metering business to fulfill India’s aspiration and commitment to achieve the operational and financial efficiencies for distribution companies by strengthening the distribution infrastructure. The company, by leveraging its existing expertise into distribution business in Mumbai & Mundra and with a renewed mindset, is transitioning from a service provider to becoming an integrated solutions platform.
Benefits of a Smart Meter
Consumers
- Real time electricity consumption monitoring
- Time-of-day tariff
- Optimization of power consumption
- Accurate meter reading and transparent billing
- Power outage alerts
- Pay bills from anywhere & anytime
Distribution Companies
- Digital grid management
- Reduce AT&C losses
- Detection of electricity theft
- Minimize down time
- Eliminates manual meter reading
- Better financial health through higher collection
- Conduct energy audit & perform predictive maintenance
Sustainable Lifestyle
- Integration of renewable energy
- Minimize energy waste
- Reduce carbon emission through optimized power consumption
- Construction of social infrastructure
- Contribution to India’s Net Zero target
- Digital empowerment of consumers
AESL’s Footprint and Potential
Order Book
2.3 Crore Meters
(As of March 2024)
Presence
Across 5 States
(As of March 2024)
Revenue Potential
INR 272 Billion
(As of March 2024)
Market Share (LOA %)
20%
(As of March 2024)
National Smart Meter Program Dashboard
1,06,88,382
Total Smart Meter Installed
