Discuss the significance of technological interventions in metering, billing and collection for the utility’s revenue protection.
The power supply industry has reached an impasse where urgent steps are required to improve the financial health of the utilities. The revenue to the power utilities can be increased only if it can be ensured that the power sold by them is first of all accounted for, billed for and payments collected in time.There is a greater focus now in the electricity utilities to improve their revenue management system. A large number of meters installed are either defective or stopped. These need to be replaced. The existing meters are tampered to a large extent. The metering device should have capability of recording tampering with its identification and profiling at the time of tampering.Solutions to the limitations and inadequacies of the present metering system can be provided through emerging electronic power metering technologies such as electronic meters, prepaid meters and remote metering.
In addition, the existing system of meter reading and billing is cumbersome and requires a
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