Technology diffusion of smart metering as an energy efficiency information system

Abstract

Smart metering enables the optimization of energy consumption. People enjoy better energy efficiency and convenience with real-time consumption information and accurate billing. The resulting effects on energy conservation, reduced bills of consumers, and environmental friendliness are expected to contribute towards the achievement of urban sustainable development. As a smart system with the adoption of Information Communications Technology (ICT), the diffusion of smart metering should receive sufficient concern and recognition. The investment put into the smart metering installation needs to be rationalized with clear approaches for evaluating gradual diffusion of the technology. This research depicts the method for estimating the potential usage demand of smart meters. The effects of different variables influencing smart meters’ adoption are also identifiable to help with the utility companies’ promotion. With the prediction of future adoption, the roll-out of smart meters can achieve a better result. Besides, priorities and recommendations of smart metering diffusion are made to improve the implementation of smart meter projects.