Introduction to electricity metering and settlement
To be able to balance the needs of producers and consumers of electricity, accurate systems need to be in place to measure each party's generation or consumption volumes. The data outputs of these metering systems feed robust central processes that ensure that parties are properly recompensed for energy generated or consumed. These processes capture corrections to data, with reconciliation payments being periodically calculated after the event. This study discusses the principles of energy measurement, how metered volumes are submitted into settlement and an overview of how the settlement process works.
This paper is one of a series for use in ``LMITs'' Load Management Innovative Techniques forums. The goal of these forums is to focus attention on new load management techniques being developed by utilities. In particular, it is intended to highlight innovative techniques so as to foster interest and discussion by IEEE members in new deas in this rapidly developing technology area. The four short note reports by the contributing authors discuss a new and different load management technique being tried at four different utility companies.