Taipei, Taiwan — (METERING.COM) — October 13, 2009 – Taiwan Power Company (Taipower) has started installing smart meters for large electricity consumers as part of its efforts to develop a smart grid.
According to the head of Taipower’s electricity research arm, Yang Chin-shih, who was quoted in the Taiwan News, the company has 23,000 high voltage electricity subscribers who consume a combined 50 percent of the country’s total power consumption.
Taipower expects to complete the replacement of traditional meters with smart meters for its ultra high voltage power users (69 kV and above) by the end of this year.
The company will then install smart meters for its 11 kV or higher customers, with the completion date set for 2011, while smart meter replacement for household electricity users will be completed by 2013.
Yang was quoted as saying that the smart meters being installed were jointly developed by Tatung Company and the Institute for Information Industry (III) as part of an effort to stimulate the country’s high-tech sector.
The III has estimated that the development of a smart grid in Taiwan will generate NT$60 billion (US$1.9 billion) in business opportunities.