Simulation analysis for the design of high performance smart meter

The key performance indicators of the available utility monitoring systems for electricity, water and natural gas, to present day are often limited to the values of how much does the end user consume, and what the price for consumption is. The evolving intelligent power meters are aimed at providing the utility companies and the end users with information useful for optimal consumption without significantly changing lifestyles. The key performance indicators of the smart meters, however, are often limited to simply observing the consumption trends. In this paper, a simulation model is developed to support the design of high performance smart meters. The key highlights of the intelligent smart meters were set to be modularity, scheduling, and inter-connectivity of the information for the three utilities. This paper is intended to indicate the significant performance indicators relevant to the emerging intelligent metering devices.