Bussines Opportunities for Retrofit Homes within Smart Meter Implementation Context

George Carutasu (), Alexandru Pirjan, Cristina Coculescu and Nicoleta Luminita Carutasu
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Alexandru Pirjan: Romanian-American University, Romania
Cristina Coculescu: Romanian-American University, Romania
Nicoleta Luminita Carutasu: University Politehnica of Bucharest, Romania

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Abstract: The paper presents the state of the art for smart meter implementation across EU, in the context of smart home concept. Upcoming deadline of smart meter implementation rises a series of barriers and challenges, regarding the necessary communication infrastructure, consumers behavior and technical solutions available. Beyond changing the meter, the smart meter usage scenario should contribute to energy consumption reduction and allow consumer to choose the most fitted supplying contract type and to enhance the life quality. However, using prospected retrofit action for homes, several implementation scenarios are proposed, considering drawbacks of existing implementations. For a contextual approach, using IoT devices, an added-value chain of decision is foreseen, proposing to consumer actions rather than numbers indication of energy consumption. Because, most of households do not include a smart home gear, is necessary to retrofit them, in terms of sensors, communication and data exchange. Furthermore, using existing Romanian energy market experience, the implementation scenarios explored before are business modelled for different type of households’ energy consumers. Even are started as different visions or initiatives, integration of various concepts, like smart city, smart home or smart metering is required to enhance consumer experience or increase the technology adoption.

Keywords: smart metering; smart home; smart city; IoT (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp18:167-175

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