Smart metering will help empower discoms by improving billing efficiencies and reducing leakages, however, the scale of financial investment required is a major roadblock in its path, according to a report.
India's traditional power metering system is inadequate, resulting in MBC (metering, billing and collection) inefficiencies, high commercial losses and revenue leakages, Crisil Ratings said in a report.
Smart metering could empower discoms by improving billing efficiencies, enhancing customer services and reducing leakages, thus enabling financially distressed discoms to maximise revenues, it added.
The report also noted that smart metering could also help meet the need for robust metering systems,