A Smart Metering Scheme for a Smart Grid System

Abstract

The development of smart grid systems calls for new metering schemes in measuring consumption and power flow metrics between connected entities. The new meters which import the concept of renewable resource should also carry intelligence and communication compatibility for enhancement of new applications in demand side management. Our project explores network relationships of stakeholder parties in a smart grid system and their value channel behavior. A potentially successful smart metering scheme must carry a win-win-win scenario that satisfies all the partners involved. It is important to understand possible network partnership behavior. The scheme must resolve the potential contradictions and induce a balance of interests. Continuing our earlier study on the smart metering schemes, a derivative business model and the interface platform are further discussed by this paper.