One of the major potential benefits of smart meters is their ability to give consumers access to detailed data on their electricity usage via an in-home display or internet portals. In-home displays are not yet widely available but should become available with a variety of options in a range of prices in the future.
I Want To Be Empowered
Smart Meters are letting people take control of their energy use - and energy bills - to a new level. It doesn't matter if you live in a studio apartment or 30-room mansion. By tracking when and how you use electricity at home, Smart Meters help you identify ways you can waste less energy and that translates into more money in your bank account and a cleaner planet.
Learn more about how Smart Grid and Smart Meters are helping guarantee America's future by getting energy usage under control, today.
- Enables easy-to-use tools like simple online displays of energy use and prices and set-and-forget home energy management tools
- Facilitates broad-scale electric vehicle charging so that reliable, low-cost ways to recharge it anytime, anywhere exist
- Will generate tens of thousands of Smart Grid related jobs over the next decade
- Real-time pricing information helped consumers reduce their electricity costs 10% on average and their peak consumption by 15%
- White Paper on the Right to Opt Out
- Consumers discuss their in-home energy monitors
- Online Smart Meter Analysis Achieves Sustained Energy Reductions: Results from Five Communities
- Do smart meters help the environment?
- Will I have to pay for a smart meter?
- How is the smart meter information transmitted?
- Will the communications system interfere with equipment in my home or business?
There will be no charge for the meter or the labor to install the meter.
The idea of the smart grid and the ability to communicate real time electrical market data to consumers will allow people to choose when to use electricity based on the smart grid rates. There is a lot involved in the electrical market and power pricing. Basically electricity is more expensive during higher demand times, usually mid week, mid day to evening. During the times if high demand electricity rates go up exponentially. This is due in part to the lack of generation capability and availability.
With the smart grid the communication of real time electricity rates to the consumer will be possible. This will allow people to choose not to use as much power during peak times to avoid high costs; this will overall reduce the demand. Smart grid compatible appliances or grid friendly appliances will be able to turn off and on automatically based on the cost of electricity at any given moment in time.