It is anticipated that this solution can help reduce the load on utility providers’ power networks and also will give them the ability to quickly react to changes in consumption to better match their resources with the power needed.

The company noted that smart metering is viewed by industry observers as a key technology that can help tackle some of the critical challenges in the energy sector, including capacity management, promoting more efficient use of energy and establishing better tariff models.

In addressing this new market segment, Alcatel-Lucent is expected to leverage its expertise in providing real-time tariff platforms for mobile operators, network integration and operating managed services.

As a part of the solution, Alcatel-Lucent is delivering a real-time data processing system based on its Open Service Platform, offering meter reading, meter management, infrastructure and data management.