Gothenburg, Sweden — (METERING.COM) — September 11, 2006 – A new research report from analysis firm Berg Insight suggests that investment in intelligent metering solutions in the European energy sector will total €3.5 billion (US$4.4 billion) until 2010.
“Demand for intelligent metering solutions is closely linked to energy cost,” according to senior analyst Tobias Ryberg. “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 require all customers to enjoy the benefits of intelligent metering by 2009. Norway and Finland have similar consumption patterns, and deployment of smart meters in these countries is on the increase – as it is in Denmark, Italy and the Netherlands, which have the highest electricity prices in the EU.
Energy companies in the region are looking to solutions like automated meter management (AMM) for remote monitoring, demand side management and value-added services. New communication technologies, particularly GPRS, are also making headway.