The project for smart meters is entering the final stretchco-financed by the European Investment Bank with the aim of modernizing the Greek energy market.

Tomorrow at 11:00 in the morning, the prime minister Kyriakos Mitsotakis, will have a meeting at the Maximos Palace with the president of the EIB, Werner Heuer, while the signing ceremony for the loan agreement of the European Investment Bank with DEDDIE for “smart meters”.

What are smart meters?

Smart meters monitor and control electricity consumption in real time, providing usage information that was not available in the past.

With a smart meter, consumers can see how much energy their devices are using per hour, day or month.

Households will be notified via mobile phone messages of their consumption or scheduled outages, breakdowns and meter violations, while through the internet they can access historical data of their consumption for a period of 24 months before. Consumers will also have access to the above information through a small screen that will be installed inside their home and will be connected to the meter.

For the consumer

Maximizing transparency regarding the measurement of electricity consumption with certified and frequent measurements and with the ability of the user to access his consumption data even in real time. In this way, the consumer’s trust in energy service providers is further strengthened. Metering data of the electricity consumer is collected, transferred and stored safely, avoiding problems of counting errors, difficulty in understanding the estimated bills or confirming the data. Savings potential. The electricity consumer can receive competitive offers for electricity supply products adapted to his consumption profile and choose himself what he considers most economical. In fact, it is technically possible for the electricity consumer to change supplier even during the day, while using meter functions such as multi-tariff and Time of Use it is also possible to change the package depending on the period of use, e.g. peak times during the day, weekend or holidays.

  • Ability of the electricity consumer to receive value-added services from the market, e.g. historical data, consumption profile analysis, suggestions for savings, new services such as response to demand management.
  • Possibility for the user to participate in a competitive market with the role of energy service provider. Smart meters allow energy flows to be measured in both directions and recorded, with a resolution of 15 minutes (minimum market clearing period), which translates into the possibility given e.g. to micro-producers with rooftop photovoltaics (who are also consumers of electricity) to sell energy but also to store it and supply it to the grid when market conditions are most favorable.
  • Opportunity for consumers (now prosumers) to participate in a sophisticated market as suppliers of flexibility with corresponding exchanges. A typical example is the participation of users in reducing consumption for load shifting during peak hours, or correspondingly, increasing consumption when there is excess production, contributing to better management and operation of the network and the production of RES. These services are counted and certified through the smart meter which turns into a “gateway” for this interactive relationship of the user with the market and the network.