The smart grid is the evolution of our current electrical grid, using new technology to optimize the conservation and delivery of power. All told, the smart grid promises to increase the efficiency of today’s system by around 9% by 2030, saving more than 400 billion kilowatt-hours each year. That’s huge. That means we could save $42 billion in year 1 and as we keep saving energy, its value each year only increases.

The "grid" refers to our nation's electric power infrastructure. Smart grid is the application of information technology, tools and techniques that can make the grid run more efficiently. The current electric grid is highly inefficient and very much in need of modernization.

Smart meters run on two frequencies. The frequency communicating to the electric meter is 900 MHz (megahertz). If the premise also has a gas meter, the frequency from the electric meter to the gas meter is 2.4 GHz (gigahertz).

The electric meter frequency is similar to a cell phone and the gas meter frequency is similar to a computer router. Neither device will interfere with any wireless devices in the home and it is highly unlikely that the relatively weak fields produced the meter would interfere with the operation of a medical device.

Smart meters are tested for accuracy and their primary function is measuring power usage. Similar to your old meter, smart meters will measure the energy that is used by residents of your home. The meter itself cannot and will not increase your bills. Your bills could actually be lower because smart meters and smart grid technology will provide you with personalized information and tools to decrease your energy usage. Old analog meters can stick or run ‘slow’ resulting in inaccurate bills. In cases like this, the smart meter will now provide an accurate reading of your energy usage.