NewEnergyNews: BIG MONEY IN SMART UTILITY BILLS

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    Thursday, August 01, 2013

    BIG MONEY IN SMART UTILITY BILLS

    Electric Utility Billing and Customer Information Systems; Billing and CIS Software and Services for Regulated and Deregulated Utilities: Global Market Analysis and Forecasts

    3Q 2013 (Navigant Research)

    “As part of the smart grid transformation that began a few years ago, many utilities have switched to new billing systems…evolving from a static model in which utilities gather energy consumption data every other month…into a more dynamic one in which energy consumption is tracked by time increments that can be as frequent as every 5 minutes…[with the supply side] organized as a quasi-spot market…This is shifting the focus of traditional billing and customer information systems (CISs) to a more customer-centric approach…[and] a business model revolution, in which billing and CISs play a vital role. Navigant Research forecasts that worldwide revenue from billing and CIS software and services will grow from $2.5 billion in 2013 to $5.5 billion in 2020…” click here for more

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