A new survey just released reveals that electric companies do not have the proper IT systems in order to support smart grid intelligence. Oracle Utilities surveyed 50 senior executives from Europe, the Middle East, and Africa in its “EMEA Smart Grid Rollout” survey in order to gauge if the companies were exploiting the benefits of the intelligent networks.
The survey found that only 14% of companies had fully integrated their meter data management systems with energy sourcing and 18% with forecasting services and energy supply contract pricing and rate design. Oracle Utilities said these figures indicate the inability of companies to take advantage of smart grid technology to better manage their energy sources.
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