In Canada, the Nova Scotia Utility and Review Board has approved a plan filed by privately-owned energy provider Nova Scotia Power to deploy smart meters to all customers.
The utility, a subsidiary of Emera, will invest $133 million to replace existing analog and digital meters with advanced smart meters.
The smart meters are expected to help Nova Scotia Power to reduce operational costs by $38 million over the next 20 years.
The project will help consumers improve their energy efficiency through access to real-time information about their energy use.
The smart meter system will enable the utility to improve the efficiency of power restoration during outages and more accurately bill customers by virtually eliminating bill estimates.
The network will provide consumer usage data in intervals as frequently as 15 minutes, using wireless IoT communications systems.
Full rollout of the advanced metering infrastructure is expected to start in late 2019. However, the utility is set to pilot a secure communication network to provide smart meter connectivity as from this year.
“This is an important step forward that will enable our company to better serve our customers,” says Karen Hutt, president and CEO, Nova Scotia Power. “Smart meter technology will allow us to create a more modern energy grid capable of supporting future innovation for years to come and help drive our objective of providing the best customer experience possible.”