German Smart Meter Development and inspiration

The widespread use of smart meters provides electric power suppliers and power users with a number of innovative business models that add value. The new changes brought by smart meters include two-way communication capabilities, remote monitoring of the status quo of electricity use, transmission of real-time data information, and an increase in the frequency of meter reading, so that both the electricity supplier and the consumer can receive real-time data. These functions represent the corner of the smart meter's potential, in fact smart meter technology can obviously become the basis of a series of innovative business models. (paper)