I. Introduction
The concept of the smart grid ushers in a transformative era of electrical infrastructure, fostering bidirectional communication and automation across traditional grid components [1]. Among the myriad applications of the smart grid, one particularly prominent use case lies in the realm of smart metering infrastructure (SMI). Smart metering infrastructure at its core, is composed of a dynamic interplay between a central control center (CC) and an array of smart meters (SMs) strategically placed within residential premises. This network orchestrates the collection of metering data, encompassing both electricity consumption and production figures [2]. The smart metering infrastructure gains depth through the integration of distributed energy resources at residential premises, such as solar panels, altering consumption with intermittent generation. This evolution lets households intermittently supply excess electricity to the grid, empowering consumers as active energy participants and bestowing grid operators and suppliers with invaluable insights. The meticulous aggregation of metering data provides suppliers with the capability to make accurate predictions about household electricity needs and energy production [3]. This predictive capability becomes crucial for optimizing electricity distribution, enabling precise resource allocation that minimizes supply losses and significantly enhances overall grid operational efficiency. Also, the smart grid enhances transparency in electricity distribution, allowing suppliers to streamline cost reconciliation with network and system operators, ushering in an era of accountability and precision in energy commerce.