Smart tariff calculator for feed-in tariff scheme of renewable resources

Energy meter billing is an important part in the Energy Management System and Feed-in tariff schemes become more popular in many countries nowadays. However traditional techniques are complicated for getting the tariff values. Therefore, a novel IoT based technique namely Smart TARiff (STAR) calculator has been proposed for calculating the Feed-in tariff for residents which in turn improves the efficiency of the feed-in tariff scheme for renewable resources. The power generated from the solar panel has been stored in batteries. The sensors such as current and voltage sensors are used to measure the voltage and electricity supplied and fuzzy system will calculate the tariff and the calculated tariff will be send to the user via the internet. The experimental findings reveal that the energy generated by the suggested system is three times that of the system without intelligent functionalities. The Proposed approach improves the overall accuracy of the proposed Star, Chip based IoT Electrical Meter, and EMS is 99.03 %, 91.36 %, and 99.03 respectively.