The installed base of prepaid electric meters expected to exceed 85 million by 2024, says Navigant

The market for prepaid electric metering is steadily gaining ground, due to the spread of smart metering technology and growing acceptance of the idea of prepaying for services. Paying in advance for electricity not only helps utilities improve their cash flow and reduce their delinquent payments, but also can help consumers better manage their budgets and, in some cases, reduce their energy consumption. According to a new report from Navigant Research, the worldwide installed base of prepaid meters is expected to grow from 35.7 million in 2015 to 85.1 million by 2024.



from DIGITIMES: IT news from Asia http://ift.tt/1NeQuyH

via Yuichun