The deficiencies in ensuring a regulated transmission and distribution that will guarantee profitability and efficiency in the power sector are the key focus of Smart Metering being initiated by the CWG Plc.
The initiative, which was started three years ago by CWG brought to the market a device that will address the challenge of revenue generation by power Distribution Companies (Discos) in Nigeria.
Speaking to journalists under the aegis of Nigeria IT Reporters Association (NITRA) at the company’s head office in Lagos, CWG Plc Group CEO, James Agada, challenged Distribution companies (Discos) to toe the path of telcos that moved from the traditional voice and data services, to offering services that broader on Adverts, Data Communications, Voice Communication, Voice & Video Streaming and banking services.
He noted that Discos can generate additional revenue from services around Media, Data Communication, Energy Consumption, Location Service and Banking.
Agada believes that if Discos can address the issue of revenue generation, infrastructure development will follow and they can match the generating capacity.
“The problem is that there is more installed generating capacity than the transmission or grid capacity.”
Agada explained that the Right of Way (RoW) license could allow Discos offer fibre cabling services, while the poles, Towers and distribution points could serve as Microcell Towers, WiFi Hotspots, IoT hubs, and Aggregators. He further noted that the customer addresses at their disposals could be accessed for a fee for logistic planning while the Bill payment history and energy consumption can be used for income prediction & classification and credit scoring.
The company said the Smart Meter will, aside from the traditional functions of a metering device, work as a WiFi hotspot and has the capability of transmitting Digital Television signal into homes.
“We can use Value Added Services to solve the energy crisis we are facing today. The meter comes with a mobile application. It is software-controlled and therefore can run as either postpaid or prepaid.”
Also speaking on the Smart Meter, Vice President, Corporate Development, Daniel Das noted that one of the special features of the Metering device is the installed anti-theft feature and the high speed 4G LTE Router. He said CWG has succeeded in combining power, telecom, and banking onto one platform. He noted that Discos lose money through meter bypass and overhead hooking by some consumers. “Metering is not viable without theft prevention.”
He further noted that the meter also monitors and measures dual energy sources (public power and generator supplies), remotely managing energy consumption, setting limits on usage and offers remote disconnect/reconnect capability.
According to the company, with Smart Metering, theft prevention and utility analytics will lead to improved revenue and healthy utility, which will further ensure satisfied, paying consumers.
“More money can be made by Discos than they are making now by investing in the right infrastructure,” Das maintained.
The Smart Metering device has been tested and demonstration in some areas within Lagos will commence before the end of the year. The company expects to sign agreements with some Discos and begin phased rollout subsequently.