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The US Department of Energy estimates that nearly 94.8 million American homes are already using a smart meter, and electric utility companies have enthusiastically replaced analog meters whenever possible.
Fremont, CA: Smart meters are tools used to manage and record electricity and the performance of electronic devices in the home. What makes the meters "smart" is their ability to provide detailed and accurate analytics on electrical usage in real-time or at predetermined intervals, all without a technician.
The US Department of Energy estimates that nearly 94.8 million American homes are already using a smart meter, and electric utility companies have enthusiastically replaced analog meters whenever possible.
The strategic potential of collecting a broad spectrum of information about electricity consumption includes the value of quick, accurate measurements and the elimination of monthly estimates and meter-reading home visits.
Smart Meter Benefits for Customers
• Much greater and more accurate reviews on energy usage
• Willingness to change customs in order to lower energy bills
• Reduces the number of blackouts and system-wide power failures
Smart Meter Drawbacks for Customers
• Extra charges for the installation of a new meter
• Privacy issues about the personal data collected and how they will be used;
• More liability to the user for maintenance
Smart Meter Advantages for Electric Utility
• Removes the monthly meter readings manual
• Tracks the electrical system in real-time
• Promotes more effective use of energy resources
• Provides responsive data for balancing electrical loads while reducing blackouts;
• Enables competitive pricing
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