SEOUL, Nov. 17 (Korea Bizwire) – The government is aiming to trim its electrical bills with the help of big data integrated smart meters, electronic apparatuses that track the electricity consumption of a building.
Currently being trialed at 363 regional government buildings since June, the plans are to install the devices in every government and public institution building by 2019, with an eye on introducing the technology into the private sphere in 2021.
The smart meters identify patterns by collecting heating, lighting, wall socket, and other usage data every fifteen minutes using big data technology. They also possess the ability to compare energy usage patterns of different buildings that are within the same network. The smart meters will incorporate data from the Korea Electric Power Corporation, the Ministry of Land, Infrastructure and Transport and the Korea Meteorological Administration as part of the data analysis process.
The devices will not only cut down on government expenditure by trimming electric bills, but also by eliminating the need for traditional electricity meters, a move that is expected to save up to hundreds of millions of won.
Besides financial advantages, the technology will ensure greater workplace safety, as workers will be able to receive updates on potential hazards from building maintenance as often as every fifteen minutes.
The ministry overseeing the implementation has revealed it is planning to introduce smart meters for gas usage next.