Written by our Consultant Thomas Craps

With the rollout of the digital meter in full swing we see that more and more companies are jumping at the opportunity to offer services to consumers and prosumers based on the data from these meters. The question is: what are the benefits of this new trend? For further details about the digital meter itself, including the benefits for the Distribution Grid Operator (DGO), please read our previous article “The digital meter an important piece of the energy puzzle.

The benefits for the consumer?

As our Consultant Bernard Oosterlynck explained in the linked article above: the biggest benefit of the digital meter to a consumer is gaining a greater insight into their energy consumption. A good example of offering consumers the possibility to track their consumption is the Mijn.Fluvius client portal. In this application customers can see how much energy they are consuming and how much energy they are injecting back into the grid. Considering the current energy crisis and the increasing consumer prices this feature helps consumers gain correct insights into their energy consumption. These insights enable the consumers to adjust their consumption and lower their energy bill.

By connecting a dongle to their smart meter, consumers can also give third-party companies access to their consumption data. Based on this data these third parties can provide the customers with services that are new to the market. They can, for example, use the data to feed their algorithms and predict the consumers’ consumption. This allows them to look for the most beneficial energy tariff, the process is then repeated throughout the year.

The benefits for the prosumer?

If consumers also produce energy, they are known to the market as prosumers. These prosumers can turn to a third-party company to help them find the best injection tariffs on the market. Based on these tariffs, all excess electricity produced by the prosumers can be sold at the best price.

When combined with a home battery there are even more opportunities for a prosumer. The third-party company gives the prosumer the possibility to charge their home battery even when the solar panels are not producing any energy. The battery is charged when the market price for electricity is at its lowest. In the situation where the solar panels are predicted to produce a lot of excess energy the provider will discharge the home battery in the evening when the injection tariffs are the highest. With this process the prosumers save money and get the highest possible price for their locally produced energy.

Energy community?

Another option for prosumers to maximize their locally produced energy is to organize an energy community using the Mijn.Fluvius client portal. In this community private parties can negotiate prices for locally produced energy amongst themselves. For more details on energy communities please consult our previous article here.

The benefits for companies?

For companies that own a digital meter there are multiple options to optimize their production and consumption of solar energy and/or wind energy. They can turn to a third-party company who provides them with an industrial sized battery (BESS – Battery Energy Storage System) to store the excess energy that they produce. Besides storing the energy, the combination of the battery and the digital meter offers companies the opportunity to sell the excess energy at the most beneficial tariff on the open market (comparable to third-party company services for residential prosumers).

The benefits provided by the digital meter can help in bridging the gap between the unpredictable green energy production and the increased demand for electrical energy by residential consumers and companies.

Contact Alex Curtoud our Senior Manager Utilities

Contact Alex

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