When it gets hot this summer, nearly 160,000 ComEd customers enrolled in Peak Time Savings Program can power down to save cash
CHICAGO–(BUSINESS WIRE)–The beginning of June marks the start of summer savings for ComEd customers who signed up for the smart meter-enabled Peak Time Savings program. This year nearly 160,000 ComEd customers are taking advantage of Peak Time Savings – record enrollment since the program began in 2014 – and from June 1 through September 30, program participants who voluntarily reduce energy usage during the Peak Time Savings hours will earn credits that appear in the form of dollars off on their next electric bill.
During the summer of 2016, ComEd will announce Peak Time Savings Hours on days when electricity is most in demand. Peak Time Savings Hours will typically occur for a few hours between 11 a.m. and 7 p.m. on three to five days during the summer. There is no penalty for not participating and customers can still participate in future Peak Time Savings Hours.
More than 52,000 customers saved $385,000 in just a few short hours last summer by reducing their electricity usage during high electric demand periods. ComEd is the first utility in the Midwest to offer this program to customers whose homes have been fitted with a smart meter.
“The Peak Time Savings program is another way our smart meter technology is bringing value to our customers,” said Val Jensen, senior vice president of Customer Operations, ComEd. “Smart meters are at the heart of what we believe will become the electricity network of the future and we will continue to use smart grid technology as a platform to explore innovative solutions to provide customers with reliable electric service and more options on managing their electricity use and costs.”
The number of North American and European homes with a smart thermostat grew by 81 percent to 5.8 million in 2015.Credit: energy.gov That is according to Berg Insight research, which also reveals that the North American market recorded a 78 percent growth in the installed base of smart thermostats to 4.5 million and the European market recorded growth 90 percent year-on-year to reach 1.4 million.For energy companies, smart thermostats open up new possibilities to introduce consumer friendly demand response and energy-efficiency programs, which can enable significant capital savings as lower peak load can reduce expenditures on reserve power generation and the need to purchase energy on the spot market.
Only 23% of people are aware of smart meters and understand them.Claire Maugham, Director of Policy and Communications at Smart Energy GB, told ELN those householders are “loving” the technology.Smart Energy GB is the national campaign for the smart meter rollout.
After several false starts, 2017 could be the year when smart meters finally run wild across Europe. That’s when Germany — the last holdout among major industrialized nations in the European Union — is set to begin pushing out a ramped-up rollout of smart meters in a phased-in process that now has the support of the country’s 900 distribution service operators (DSOs).According to a draft Digitization Law document leaked to the press in early August, smart meters would be compulsory for high energy consumers and for those living in new buildings.
In a latest update, Connode is working with Reliance Energy in Mumbai as the strategic partner for communication solutions and applications using Intel IOT Gateways for building a SmartSustainable City Network in Mumbai.
In the first phase, Reliance will connect the smart meters, streetlights and distribution automation equipment in Mumbai, using Intel IOT Gateways and Connode’s IPv6 based wireless mesh solution, Connode 4. This is said to be the first roll-out in India of smart meters fully compliant to the communication standards recently adopted in the machine-to-machine (M2M) roadmap by the government of India.
There are more than 1.4 million smart meters installed in northern Illinois and customers with them can leverage smart meter-enabled tools and pricing programs to help them manage their energy usage and save money on electric bills.
With more than 1.4 million smart meters installed in northern Illinois, customers with smart meters can leverage smart meter-enabled tools and pricing programs to help them manage their energy usage and save money on electric bills. Customers with smart meters can access ComEd’s online energy management tools, sign up for high-usage alerts, receive weekly usage reports summarizing daily electricity use, enroll in ComEd’s Peak Time Savings program and more to enjoy the benefits smart meters have to offer.
Better insulated buildings may help reduce your energy demand, but they also create the unintended consequences of reducing mobile phone coverage indoors.Today communications giant Ericsson will unveil its attempt to tackle the growing problem in the form of a new piece of software, which aims to boost mobile networks indoors, helping to improve businesses’ productivity, make home-working easier, and pave the way for more connected devices such as smart meters.
The global market for semiconductors used in smart meters is expected to rise in the next few years as demand for precise energy measurement and communications increases from utility vendors, according to a new report from IHS.Shipments of communicating meters used for two-way communications between smart meters and utilities are forecast to rise to 150 million units by 2019, up from 132 million units in 2015, IHS says. Meanwhile, global revenues for semiconductors used in water, gas and electric meters reached $1.2 billion in 2014 and has a five-year compound annual growth rate (CAGR) of 8%. The average semiconductor cost in two-way meters was approximately $11 in 2014, but IHS sees this average selling price (ASP) increasing in the next few years for 32-bit microcontrollers, memory chips, single system-on-chips (SoCs) and other components used in energy meters.