Nicholas Newman Pipeline Gas Journal February 2017
Across the world, utilities are installing new smart gas meters, often in conjunction with electric smart meters. This new technology means an end to sending staff round to customer’s homes and businesses every few months. For utilities, it means being able to monitor more accurately customer usage behaviour and open the window to new potential revenue streams through the introduction of the internet of things equipped smart meters.
The smart gas meter market is projected to grow at a CAGR of 7.24% from 2016 to 2021 to reach USD 2.27 Billion by 2021 reports Markets and Market ‘Smart Meter Market: Global Industry Analysis and Opportunity Assessment 2015-2025’, May 2016. Across the world, the leading markets for smart gas meters are North America, Europe and Asia Pacific.
To date, in Europe, member states have committed to rolling out close to 200 million smart meters for electricity and 45 million for gas by 2020 at a total potential investment of €45 billion. By 2020, it is expected that almost 72% of European consumers will have a smart meter for electricity while 40% will have one for gas, reports European Commission issued September 2016 report Benchmarking smart metering deployment in the EU-27 with a focus on electricity.
In, Italy for instance where there are around 22 million gas customers, reports Eurostat. It has decided to include gas users in its installation of smart meters. However, in Sweden, which makes wide use of district heating and has less than 40,000 gas customers, has decided not to install deploy smart gas meters.
In the UK — the largest gas market with over 23 million customers — there is a prevalence of multi-commodity (electricity and gas) suppliers, and gas consumption can typically account for over 50% of household energy costs. The UK, the government is encouraging the installation of gas smart metering alongside electricity smart metering. However, in Spain, with some 7 million gas customers has committed to electricity smart metering, but has gone against doing the same for gas metering for now.
Read More see pages 57 and 58.