Electricity meters are devices that measure electric energy usage and are used in a variety of settings, including industrial, residential, and commercial. Electromechanical induction was employed in traditional electricity metres; however, electronic, smart, or digital meters have gained favour in recent years. Smart metres are a two-way communication alternative to traditional energy metres.
Electric metres have either digital or dial displays. The
difference in readings from one month to the next represents the amount of
energy consumed in kWh during that billing period. For information on how to
read your electric metre, contact your local utility company.
Due to increased regulatory attempts to install smart metres,
smart metres have seen great penetration worldwide in recent years. Smart
metres are now being installed, with the timing varying depending on the
locality. Furthermore, smart metre installation has become mandatory in the
European Union, with deployment plans defined by the Commission for Energy
Regulation and other legislative agencies. Smart metres have a number of
benefits, including fraud detection, safe supply, prepayment capabilities,
energy savings, tariff-based energy offers, self-diagnostics, and peak
consumption awareness. As a result, these factors are projected to fuel the
global electricity
metres market's expansion over the forecast period.