Intellihub is a leading provider of smart metering services in Australia and New Zealand
Pacific Equity Partners’ smart metering business Intellihub has landed across the Tasman with a splash.
Chief Executive Officer Adrian Clark introduces the Intellihub Group, a leading provider of smart metering services across Australia and New Zealand.
After winning the Australian Government’s Smart Grid, Smart City program, Adrian became CEO at Intellihub and was involved in the joint venture between Pacific Equity Partners and Landis+Gyr, to buy out Origins metering business Acumen, which manages and services an already deployed 170,000 meters.
Intellihub partners with leading energy retailers and already has a committed pipeline of a over 1 million meters to deploy.
But what is a smart energy meter, why is it better than your regular meter and what are the real benefits?
A smart meter is an electronic device with a two-way communication feature, that more accurately records consumption of electric energy at 30 minute intervals and digitally communicates the information to the electricity supplier for monitoring and billing. Smart meters also come with in-home displays so you can better understand your energy usage and learn which appliances can help you control usage and reduce your bill.
Your regular energy meter measures passive accumulation and can only display the amount of electricity used between the three-monthly readings. It also requires manual reading, therefore does not allow for the consumer to fully understand what they are using and when, in order to control usage.
Some of the benefits of a smart meter:
1. Shows much clearer and more detailed energy consumption, which enables consumers to adjust their habits in order to lower electricity bills.
2. Provides solar PV export data.
3. Let’s you connect or disconnect remotely, avoiding delays when moving or swapping electricity retailers.
4. Allows better monitoring of the quality of electricity supply, including outages.
5. Could let third parties help customers analyse the data to find cheaper electricity plans.
6. Prevents the need for new power plants that produce greenhouse gases that create pollution andcontribute to health risks.
7. Helps lower existing greenhouse gas emissions from existing power plants.
8. Offers the customer a wider range of payment and pricing options, such as flexible or time-of-use pricing.
9. Reveals usage data to assist when designing suitable solar and battery systems.
10. May allow customers to trade their energy in the future