How Are Smart Meters Revolutionizing Power Sector?

India’s Smart National Program, under the RDSS scheme, seeks to replace 25 crore traditional electricity meters with smart meters.⚡️CRISIL Ratings indicates that this initiative will greatly enhance the operational and financial efficiency of distribution companies (discoms). 📈 The smart metering market in India offers a significant opportunity to transform the power sector by improving operational performance of distribution companies (discoms) and consumer experience. Supported by government initiatives and reliable payment mechanisms, these projects are poised to drive sustainable growth, modernize power distribution, and support India’s goal of achieving 500 GW of renewable energy installed capacity by 2030. 💯🎯