Smart technology going down the same path as telcos

Global smart meter firm Landis+Gyr has launched what it says will be the ‘energy bill of the future’, providing new technologies to help predict future consumptions and help consumers determine if an appliance isn’t working efficiently.

Landis+Gyr CEO Adrian Clark told The Australian his firm was evolving from its traditional energy meter business, in a transformation similar to that seen within the telco sector.

“Today, we’re providing energy distributors and retailers with a broad range of smart technology services, all developed to enable our retail and distribution customers to give consumers the ability to use smart technology to manage their energy usage and ultimately reduce energy costs,” Mr Clark said.

The ‘bill of the future’, which has already been rolled out in some states in North America, uses algorithms and machine learning in a way it says will mean customers will better be understand their bill without adding home energy devices.

“Landis+Gyr has signed exclusive agreements to bring the technology to Australia which is the next step beyond our metering services offerings,” Mr Clark said.

“The next step is work with retailers who want to use these tools to differentiate their products and we expect to be rolling it out in some form in the second half of this year.

Mr Clark said Landis+Gyr had already supplied more than 2 million smart meters in Australia in the last five years, and has also launched a fully independent subsidiary, intelliHUB. He said intelliHUB was the only Australian-based metering technology company to attain full Meter and Meter Data Provider accreditation from the Australian Energy Market Operator (AEMO).

“The AEMO Meter and Meter Data Provider accreditation means our subsidiary intelliHUB is now ready to partner with energy retailers. This will help retailers ensure consumers have access to the latest technology so they can manage the amount and cost of electricity consumed from the grid,” Mr Clark said.

“It also means residents with solar panels can use smart meters to better use the power they generate, and they can be assured in our commitment to provide them with greater choice in the way they use and monitor energy.”

He said one retailer had signed on for the new billing system but was unable to reveal which one at this stage.

The CEO added customers will be able to automatically change from gross to net metering on January 1 2017, and from then will also be able to work with their energy retailer for smart metering solutions to help optimise their stored power and reduce reliance on the grid during peak pricing periods.