Denmark commits to smart meters
By: SGN Staff
Quick Take: The German Federal Ministry of Economics recently recommended that Germany ignore the EU mandate to install smart meters. Now comes news that Denmark has decided in favor of smart meters. The nation’s Climate, Energy and Building Minister announced an executive order which - if approved - will require energy companies to install smart meters in every home by 2020.
According to a ministry statement, the smart meter investment will be quickly recovered. The ministry anticipates a 2% reduction in power consumption, which corresponds to a saving of DKK180 (~$32) per year for an average homeowner. Further, hourly settlement will lead to increased competition in the electricity market, which could give the homeowner a further saving of over DKK100 (~$18) per year.
Roughly half of all Danish households have a smart meter already. Danish companies are gearing up to supply the remainder, as you will read in the press release below. We'll have to wait to see whether Denmark will give special consideration to local suppliers, or if global suppliers will have a shot to win the deal. - By Jesse Berst
Jesse Berst is the founder and Chief Analyst of SGN and Chairman of the Smart Cities Council, an industry coalition.
Danish growth companies are ready with enhanced smart meter features
Last week, Martin Lidegaard, Danish Minister for Climate, Energy and Building, has announced an act requiring utilities to install smart meters in all Danish households.
In iPower, Consortium of research and innovation in intelligent energy, universities and the Danish energy sector have since 2011 developed solutions for the future intelligent energy system. Hence, Danish companies are now ready to act on the possibilities that this political decision provides.