Itron Inc., a technology and services company, said PT Mecoindo, a joint venture between Itron and a local partner, signed a contract with PT PLN (Persero), a state-owned utility company in Jakarta, Indonesia, to deploy 635,000 Itron smart payment meters.
With this Itron solution, PT PLN will provide end-customers with a convenient, cost-effective way to prepay for electricity; thus improving electrification for Southeast Asia residents. Installation is expected to be complete by the end of 2016.
Itron’s smart payment technology is designed to help utilities implement revenue protection measures as well as empower consumers to manage their electricity usage according to their budget and needs.
Consumers have insight into how much money they have spent in a given period and how much they have left, reducing the likelihood of an untimely shut-off.
In addition to these consumer-focused benefits, utility companies realize business value by simplifying utility customer service, lowering operational costs and reducing delinquent account risks, while improving cash flow.