Prepaid Meters Gain Global Popularity - Xenius

1
Xenius

• Smart Metering Solution

2
Prepaid Meters Gain Global Popularity

• Efficient use of energy and its tracking and
  conservations are being attempted all over the
  world. To achieve all this, smart prepaid meters
  are now replacing conventional, electromechanical
  meters. Developing countries are, particularly,
  going for these in order to minimise human
  interference in metering, billing, and
  collection.
• The global market for prepaid metering
  technologies is growing at a steady pace and is
  expected to become a formidable force in the near
  future. People around the world are now better
  informed, and more conscious, about energy
  efficiency and the need to track consumption of
  energy.

3

• One of the biggest concerns of the electricity
  departments across the world is efficient
  utilisation of electricity. Earlier, power
  utilities used old, conventional
  electromechanical meters to track consumption of
  electricity. A department official had to go
  door-to-door taking meter readings. Errors in
  manual readings were inevitable and this
  invariably led to huge losses for the electricity
  departments, and also discontentment among the
  consumers.
• One of the biggest concerns of the electricity
  departments across the world is efficient
  utilisation of electricity.
• Timely payments of electricity bills cut down the
  huge losses which the power utilities had to
  incur earlier.
• Tracking and conserving electricity consumption
  is another key reason for the popularity of smart
  meters.
• Prepaid meters are now being preferred over
  conventional, electromechanical meters,
  particularly in developing countries.

4

• With the advancements in technology, Internet of
  Things (IoT) and Artificial Intelligence (AI),
  electricity meters have evolved tremendously. The
  old conventional meters are now being replaced
  with smart prepaid meters around the globe. These
  smart meters provide better security and control
  for users, as well as the utilities. They enable
  users to pay for electricity consumption in
  advance. Also, these meters allow both the
  consumers and the utilities to keep track of the
  electricity consumption.
• One of the benefits of smart meters is ensuring
  timely payments from the consumers. As a result,
  the gap between the cost of power supply and
  revenue realisation is minimised. Timely payments
  of electricity bills cut down the huge losses
  which the power utilities had to incur earlier.
  That is the precise reason that prepaid metering
  technologies are gaining popularity, not only in
  developed countries but also in the developing
  ones like India and many others.

5

• Tracking and conserving electricity consumption
  is another key reason for the popularity of smart
  meters. There is a constant rise in the demand
  for energy security across the globe and energy
  conservation and its efficient utilisation are
  the major aspects of energy security. This has
  formulated into an increase in the overall sales
  of prepaid electricity meters around the world.
  Smart meters provide instant data of power
  consumption, which is then analysed by users to
  control the use and stabilise energy demands.
• Prepaid electricity meters are now being
  preferred over conventional, electromechanical
  meters, particularly in developing countries. The
  electricity departments in these emerging
  economies are focusing on reducing their
  financial losses due to late payments, and at
  times reluctance of the users to pay their
  electricity bills. Thats why the use of smart
  prepaid meters has become mandatory in many
  countries with a view to minimising human
  interference in metering, billing, and
  collection.

6
About Xenius

• At Xenius we believe in making lives better by
  Humanizing Machines. We can contribute with you
  to make your life stress-free with Prepaid
  Metering, Smart City to Smart Grid, to FTTH. We
  started our mission in 1998. After almost two
  decades of success, we have emerged as one of the
  top IoT / M2M professionals in India.
• Source https//www.xenius.in/prepaid-meters-gain-
  global-popularity/

7
Contact Us

• Phone [phone]
• Email info_at_xenius.in
• Address H-98, H Block, Sector 63, Noida, Uttar
  Pradesh 201301

8
Thank You