India operates the 3rd largest transmission and distribution electricity network in the world, yet faces a number of challenges including, inadequate access to electricity, supply shortfalls, huge losses, reliability and theft. The evolution towards smart grid will address these issues and transform the existing network into a more efficient, safe and reliable grid that would provide electricity access to all.
Implementation of smart meters will allow utility companies to collect and analyse data from every meter, to ensure accurate billing. It is estimated that India will install 130 million smart meters by 2021.
Central and state governments could implement new energy laws, compliance structures, training programmes and offer incentives for efficiency projects.