The advent of smart meters in the electricity domain will bring several significant benefits and changes. The end users/consumers will have real-time access to energy monitoring. Undoubtedly, smart meters and their supporting infrastructure will help consumers become active participants in the system to solve energy crisis problems, giving rise to two-way communication between electricity providers and consumers. However, for this technology to work out in favour of both parties, it will require a reevaluation of how interactions occur and the design of services to support behavioural changes in energy consumption by end users. A major behavioural change in the power sector domain is the shift from being mere consumers to becoming prosumers. This document contains the study and understanding of the topics mentioned above.
