Smart Metering for Smart Electricity Consumption

Abstract: In recent years, the demand for electricity has increased in households with the use of different appliances. This raises a concern to many developed and developing nations with the demand in immediate increase of electricity. There is a need for consumers or people to track their daily power usage in houses. In Sweden, scarcity of energy resources is faced during the day. So, the responsibility of human to save and control these resources is also important. This research work focuses on a Smart Metering data for distributing the electricity smartly and efficiently to the consumers. The main drawback of previously used traditional meters is that they do not provide information to the consumers, which is accomplished with the help of Smart Meter. A Smart Meter helps consumer to know the information of consumption of electricity for appliances in their respective houses. The aim of this research work is to measure and analyze power consumption using Smart Meter data by conducting case study on various households. In addition of saving electricity, Smart Meter data illustrates the behaviour of consumers in using devices. As power consumption is increasing day by day there should be more focus on understanding consumption patterns i.e. measurement and analysis of consumption over time is required. In case of developing nations, the technology of employing smart electricity meters is still unaware to many common people and electricity utilities. So, there is a large necessity for saving energy by installing these meters. Lowering the energy expenditure by understanding the behavior of consumers and its correlation with electricity spot prices motivated to perform this research. The methodology followed to analyze the outcome of this study is exhibited with the help of a case analysis, ARIMA model using XLSTAT tool and a flattening technique. Based on price evaluation results provided in the research, hypothesis is attained to change the behavior of consumers when they have better control on their habits. This research contributes in measuring the Smart Meter power consumption data in various households and interpretation of the data for hourly measurement could cause consumers to switch consumption to off-peak periods. With the results provided in this research, users can change their behavior when they have better control on their habits. As a result, power consumption patterns of Smart electricity distribution are studied and analyzed, thereby leading to an innovative idea for saving the limited resource of electrical energy.