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Intelligent metering investments in Europe will total € 3.5 billion until 2010 says Berg Insight
Gothenburg, Sweden 8 September 2006: Investments in intelligent metering solutions in the European energy sector will total € 3.5 billion until 2010, according to new a research report from the analysis firm Berg Insight. “Demand for intelligent metering solutions is closely linked to energy cost“, says Tobias Ryberg, senior analyst at Berg Insight. “Already most industrial and large commercial sites are covered with intelligent metering. In a second phase we now see deployments of smart meters for residential customers in countries with high electricity prices or high electricity consumption.” Sweden, where households use three times more electric power than the EU-average, will introduce a law that will lead to intelligent metering for all customers by 2009. Norway and Finland have similar consumption patterns and also experience rapid deployment of smart meters on strict commercial terms. The new technology is also adopted in Denmark, Italy and the Netherlands, which have the highest electricity prices in the EU.
When deploying intelligent metering, energy companies increasingly look beyond the basic task of collecting meter readings. Modern AMM (Automated Meter Management) solutions enable a range of applications including remote monitoring, demand-side management and value added services such as security alarms. New communication technologies, particularly GPRS, are also making headway as alternatives to conventional power-line carrier. About 35 percent of the 3.4 million smart meters currently under contract in Sweden will be connected to mobile networks.
About Berg Insight
Berg Insight offers premier business intelligence to the telecom industry. We produce concise reports providing key facts and strategic insights about pivotal developments in our focus areas. Our vision is to be the most valuable source of intelligence for our customers. For more information visit www.berginsight.com
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