Influencing Factors of Consumer Adoption of Smart Meters: Analyzing Policies, Technology, And Consumer Behavior

Abstract

This paper investigates the factors influencing the consumer adoption of smart meters (SM), analyzing the roles of government policies, technological advancements, economic incentives, social and cultural factors, and environmental awareness. Employing qualitative and quantitative research methodologies, the study finds that government policies and financial incentives significantly drive consumer adoption of SMs. Technological features, economic benefits, and social influences also play crucial roles. Besides this, safety and security concerns, and environmental awareness are also essential for consumer acceptance. The research highlights the need for robust policy frameworks, technological advancements, and effective communication strategies to enhance SM adoption in India.