Market Research Report
Smart Prepaid Utilities in the United States: Forecasts & Analysis
|Published by||Quindi Research Ltd.||Product code||517571|
|Published||Content info||92 Pages; 33 Tables, Figures & Charts; 10 Software Vendor Profiles
Delivery time: 1-2 business days
|Smart Prepaid Utilities in the United States: Forecasts & Analysis|
|Published: March 31, 2017||Content info: 92 Pages; 33 Tables, Figures & Charts; 10 Software Vendor Profiles||
Prepaid electric service is set for strong growth in the United States over the next five years. We forecast that by 2021 there could be between 2.62 million and 2.86 million households using a smart meter based prepaid electric service, depending on how regulation for this new payment option evolves.
The early experience of utilites with AMI prepayment suggests that there can benefits for consumers and utilities alike. For householders, these include better control over energy usage, reduced consumption, bill savings, and increased customer satisfaction, while utilities can experience improved collection and debt levels, operational efficiency, and front-line staff morale.
These potential benefits are attracting the growing interest of the investor-owned utilities (IOUs), in addition to the early-adopting electric cooperatives and public power companies. However, the IOUs must overcome regulatory hurdles before they can launch prepaid pilots and services. Consumer advocates continue to raise concerns about some aspects of prepaid service, such as remote disconnection, and while the public utility commissions appear increasingly open to requests for prepaid pilots, the regulatory situation remains challenging and to some degree uncertain.
Smart Prepaid Utilities in the United States: Forecasts & Analysis sheds light on the opportunity for utilities as they prepare for prepaid pilots and service launches. The report provides a comprehensive review of market developments and regulation, insights into prepay program design, as well as consumer adoption forecasts for the next five years. It also examines the vendor landscape for smart prepayment back-office solutions.