Imagine if your power company offered lower electricity rates at certain times of day, similar to what’s offered by most cell phone companies. Now, imagine having smart appliances and other devices in the home that can help you save money by automatically adjusting electricity consumption in response to pricing signals from the utility.
This scenario is quickly becoming a reality, as many utilities are actively piloting rate structures that more closely mirror their actual cost to produce power – with lower prices during periods of lower electricity demand and higher prices during peaks. These rates are then communicated to consumers in near real-time through “smart” electricity meters and in-home displays to help consumers make smarter energy choices and help utilities manage skyrocketing “peak” demand.
via Smart Appliances Help Consumers Get “Smart” about Energy Costs – Yahoo! Finance.
Related posts:
- Digital Home – Smart appliances empower users to save money
- Electricity costs should rise to reflect demand: Chu | Green Business | Reuters
- Home Appliances Are Starting to Wise Up – NYTimes.com
- Carbon-neutral Masdar City plugs in smart appliances
- Smart Appliances Help Consumers Get “Smart” about Energy Costs
