According to Berg Insight, the rate of smart meter penetration in Europe reached 22% at the end of 2013 and is expected to increase to 60% by the end of 2019, resulting in 170.1 million installed units. Now that utilities are looking to replace their entire meter parks with intelligent devices, open international standards and interoperability are becoming more important.
To ensure continuous energy supply, utilities must protect their energy management assets, comply with regulations and maintain customer trust. The consequence of not doing so is an increased risk of paying penalties and suffering damage from losing customers, revenue and reputation.
