Frost & Sullivan Identifies ICT Solutions that Accelerate Smart Meter Return on Investments

Frost & Sullivan Identifies ICT Solutions that Accelerate Smart Meter Return on Investments PR Newswire LONDON, July 16, 2012 - Web Conference on Monetising Smart Meter Investments on 26 July 2012 LONDON, July 16, 2012 /PRNewswire/ -- Most energy companies have not yet had the vision to monetise their smart meter investments, finds a recent Frost & Sullivan study. They focus more on meeting deployment timelines and do not have a strategic approach to leverage the revenue potential from smart meters in households. Straightforward solutions involving Information & Communication Technology (ICT) – introducing a user friendly web portal or exploiting the popularity of smart phones – are easy ways for energy companies to engage customers and optimise smart meter deployments. Frost & Sullivan will hold a web conference entitled "Monetising Smart Meter Investments" on Thursday, 26 July 2012, at 14.00 BST. Senior Industry Analyst, Yiru Zhong, will discuss energy companies' pain points on smart meter deployments as well as ICT solutions that can accelerate the Return on Investment (ROI) from smart meters. From a retailing perspective, a smart meter allows the energy company to be more innovative in tariffing and enables customer interaction opportunities. However, innovative tariff strategies require more specialised ICT solutions such as future proof billing systems.