SAP and Siemens are extending their global smart metering agreement to India, in a bid to help solve the Indian energy sector’s critical billing inefficiencies, distribution losses and peak load issues, while supporting the Government’s target of installing 130 million smart meters across the nation by 2021. The move is also expected to improve the customer experience for Indian consumers.
Currently, the average technical and commercial losses for state energy distribution companies hover around 25.3 per cent. The SAP Meter Data Management by Siemens solution is designed to address this issue by enabling energy distribution companies to harness the big data generated by connected meters and sensors to gain deeper insights and improved control.
“With energy demand expected to overtake supply, spiralling costs, and increasing pressures to reduce carbon emissions, the energy sector needs new ways to meet these challenges,” said Dr Harald Griem, executive vice president and head – Energy Management division, Siemens Ltd.
He said that the solution will provide energy distribution companies with real-time power quality analysis combined with customer analytics, helping the companies to both minimise losses and improve functionality.
“India’s energy demand is expected to increase manifold in the coming decade”, said Hemant Dabke, vice president, strategic industries, SAP Indian Subcontinent.
Dabke said that the longstanding relationships that SAP and Siemens have with utilities and municipalities in India will assist the energy sector on its path to digital transformation.
“By presenting powerful opportunities to leverage IoT capabilities we together will transform the landscape for current and future energy market players,” he said.