Unlocking the power of smart meter data

In today’s rapidly evolving technological landscape, the rise of smart devices and interconnected systems has transformed the way we live, work, and interact. Among the countless innovations, smart meters have emerged as a powerful tool in monitoring energy consumption, enhancing sustainability, and empowering individuals to reduce their energy usage.

In this joint thought piece, we, Procode and OBLO, come together to shed light on the importance and benefits of detailed smart meter consumption data, integrated to a platform that can enable individuals to move from merely monitoring energy consumption to actually controlling and optimising energy-thirsty devices automatically.

The power of detailed smart meter consumption data

Detailed smart meter consumption data provides a comprehensive understanding of how energy is utilised within households and businesses.

Empowering energy consciousness

Detailed consumption data catalyses heightened energy consciousness. Armed with real-time information on their energy usage, individuals can make informed decisions about when and how to adjust their habits, leading to reduced energy waste and increased efficiency. By understanding the impact of their actions, users are encouraged to adopt sustainable practices, contributing to a greener future.

Facilitating proactive energy management

Smart meter data acts as a powerful tool for proactive energy management. Utilities can analyse consumption patterns to forecast demand accurately, enabling them to optimise grid stability and plan for future infrastructure upgrades. Additionally, consumers can set consumption targets and receive timely notifications or alerts when nearing predefined thresholds, empowering them to take immediate action and avoid unnecessary energy expenditures.

Moving from energy monitoring to energy control, automation and optimisation too

The true potential of smart devices is that by integrating the key energy-thirsty devices in a home such as an EV charger, a boiler system or heat pump, or a washing machine, fridge, and dishwasher etc with the smart meter, an individual can do more than just monitor their energy consumption and the cost of it in real time. Through applying energy smart technology, they can now also control their devices in an app which automates and optimises these devices to deliver new usage patterns that mirror the way they choose to live.

Integrated automation

Connecting energy-thirsty devices in a smart way allows for synchronised automation around the home. For instance, when a smart meter detects low energy consumption during off-peak hours, it can automatically adjust connected devices to conserve energy. This integration eliminates the need for manual adjustments and ensures optimal energy usage throughout the day.

Enhanced user experience

Every individual is different so by leveraging data from multiple devices, personalised settings and preferences can be established across the entire ecosystem. A significant percentage of the usage in the home is EV charges, boiler systems and solar panel systems. Starting with these devices will save the most energy and subsequently the most money. Once the highest energy consuming devices are covered the next highest energy usage devices such as washing machines and dishwashers can be optimised too and so on.

Combining data, prices, and control of smart devices

To fully realise the potential of smart devices, combining data, prices, and control mechanisms becomes crucial. This integration opens opportunities for dynamic pricing, demand response programs, and greater user control.

Dynamic pricing and demand response

By integrating consumption data with real-time pricing information, users gain the ability to make informed decisions about their energy usage. Dynamic pricing models can incentivise consumers to shift their consumption to off-peak hours when costs are lower, reducing strain on the grid during peak times.

User empowerment and control

Integrating data, prices, and control mechanisms empowers users to actively participate in managing their energy consumption. Real-time data on prices and energy demand allows individuals to make conscious choices about their usage, thereby controlling their energy costs. Users can set preferences, establish consumption limits, and automate energy-thirsty device schedules based on their desired energy efficiency goals and budget constraints. This level of control and optimisation enables individuals to have a direct impact on their energy consumption.

The convergence of detailed smart meter consumption data, interoperability between smart devices, and the integration of data, prices, and control mechanisms has the potential to revolutionise our approach to energy management. By leveraging the power of information, users can make informed decisions about their energy consumption, reducing waste, and promoting sustainable practices.

As Procode and OBLO, we recognise the transformative power of these technologies and advocate for their widespread adoption. By harnessing the benefits of detailed smart meter consumption data and moving from simply monitoring to control, automation, and optimisation, we can unlock a new era of energy efficiency, control, and sustainability. It is through these collective efforts that we can build a brighter, smarter, and greener future for generations to come.

 

All about Procode

Procode are a Software as a Service (SaaS) company specialising in the energy sector with over two decades experience. We transform businesses with innovative technology by providing the tools to tap into data, helping to reduce the cost to serve and by delivering world-class customer experience. Our platforms are trusted by hundreds of thousands of end customers and their suppliers every day. At Procode, we pride ourselves on providing tailored service, from costing models and integration methods to bespoke software when additional requirements are needed. Our products include DCC adapter, Marketwide HH Settlements adapter, flow management systems, gas shipping platforms and access to smart metering data that is supplier agnostic. For more information please visit our website www.procode.technology

All about OBLO

OBLO is a world class home automation business with connectivity expertise in device hardware (OBLO is device agnostic), embedded software, a world class IoT platform and the smartest applications to provide new breakthrough solutions for the residential and commercial markets of Europe and Asia.

OBLO builds new innovative solutions for the worlds leading Energy Suppliers (Home Energy Management), Insurance Providers (Smart Home Insurance) and Telco’s (Home Automation).

These businesses add our breakthrough smart solutions to their own existing service offerings (Energy Supply, Insurance Provision and Entertainment Services) in order to deliver new profitable and complementary added value services for their customers.

They do this by using our effective and scalable product and solution development capabilities delivered by our highly experienced team. For more information please visit our website www.oblotech.com