Smart Meters- Will they be Beneficial?
There's a good chance you've heard about smart meters by now - the electronic power meters that can detect usage, transmit information without being manually read, and turn on and shut off power. They're supposed to help save us a lot of money, since they're more accurate and offer savings that the power companies are going to pass on to us. But will they really, or are they just a way to save money for the electric companies? Here's a look at smart meters and who they're really going to benefit.
Even though there is only a small fraction around the U.S., they will be all over soon enough. The idea is that we are all going to save energy from utilizing smart meters and being able to spend this money elsewhere. These have already been positioned in Ontario as well as other places, and soon they will be within the 3k utility companies across the United States.
Smart meters take the place of regular power meters. They send data about power consumption by radio signal. This data is received directly by the power company, which can send signals back to tell the meter what to do. This means no more meter readers and no more delay in bills. That means that companies will be able to keep track of consumption as it rises and lowers throughout the course of the day. That permits them to start implementing based on supply and demand, giving users at off-peak times bargain pricing. This kind of pricing is already pretty common among industrial users. It's just recently that it's reached commercial and residential electricity markets. As of 2005, the federal government is recommending that state utility commissions consider demand-response pricing. Utilities have planned to deploy over forty million smart meters by 2010.
If you look at the pricing standard right now, it's very similar between all the industrial users. Back in 2005, the government believed that demand-response pricing was the way to go. By 2010 we will be able to see if they were right when 40 million smart meters are delivered.
This money saving plan does require the power companies to price smart. If they don't implement new pricing, the new smart meters won't be a huge help. However, if they do, these meters could be the key to making intelligent, informed choices about your electricity usage. That's great for the planet, and for your budget, too.
Even though there is only a small fraction around the U.S., they will be all over soon enough. The idea is that we are all going to save energy from utilizing smart meters and being able to spend this money elsewhere. These have already been positioned in Ontario as well as other places, and soon they will be within the 3k utility companies across the United States.
Smart meters take the place of regular power meters. They send data about power consumption by radio signal. This data is received directly by the power company, which can send signals back to tell the meter what to do. This means no more meter readers and no more delay in bills. That means that companies will be able to keep track of consumption as it rises and lowers throughout the course of the day. That permits them to start implementing based on supply and demand, giving users at off-peak times bargain pricing. This kind of pricing is already pretty common among industrial users. It's just recently that it's reached commercial and residential electricity markets. As of 2005, the federal government is recommending that state utility commissions consider demand-response pricing. Utilities have planned to deploy over forty million smart meters by 2010.
If you look at the pricing standard right now, it's very similar between all the industrial users. Back in 2005, the government believed that demand-response pricing was the way to go. By 2010 we will be able to see if they were right when 40 million smart meters are delivered.
This money saving plan does require the power companies to price smart. If they don't implement new pricing, the new smart meters won't be a huge help. However, if they do, these meters could be the key to making intelligent, informed choices about your electricity usage. That's great for the planet, and for your budget, too.
About the Author:
Author: Jerry Dyess has been a manager in Texas Electricity for the past 7 years. Get more information on Texas Electric rates.
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