Nokia Siemens Networks eyeing home electric meters

Nokia Siemens Networks, one of the world’s biggest technology providers for the telecom industry, will this year enter the domestic energy market which, according to the company’s representatives, has a very high growth potential, with the company being already in talks with several electricity suppliers for certain products and services.

“In the first half, around 9,000 cars were stolen in Romania. It seems a high figure, but against the total number of cars of around five million units, it is no longer as impressive. By comparison, in the energy system over 20% of total generated energy is being wasted or stolen, which in money accounts for around 1.4bn euros annually. These losses are partially recouped through the bills we all pay. Under the circumstances, though, as far as companies are concerned, those unable to slash costs leave the market,” says Dragoș Chivu, general manager of Nokia Siemens Networks Romania.
One of the applications that is sure to appear on the domestic market as well in the following years are smart meters that are part of an intelligent network concept, which has already materialised in many European countries.
Practically, the installation of a smart meter, doubled by a flexible tariff system can lead to lower costs for final consumers.