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Field readings will continue only until readings from the new meters are validated as accurate and being processed correctly. Once the meters are fully operational, a meter reader will not need to access your property every month to read your meter.
The idea of the smart grid and the ability to communicate real time electrical market data to consumers will allow people to choose when to use electricity based on the smart grid rates. There is a lot involved in the electrical market and power pricing. Basically electricity is more expensive during higher demand times, usually mid week, mid day to evening. During the times if high demand electricity rates go up exponentially. This is due in part to the lack of generation capability and availability.
With the smart grid the communication of real time electricity rates to the consumer will be possible. This will allow people to choose not to use as much power during peak times to avoid high costs; this will overall reduce the demand. Smart grid compatible appliances or grid friendly appliances will be able to turn off and on automatically based on the cost of electricity at any given moment in time.
Our electric system is more than 100 years old and although it has served us well, it needs upgrading. The energy industry is poised for a dramatic change. In the face of expanding customer expectations, increasing environmental regulation, and new technology, the traditional approach of building new power plants to meet energy demand can no longer be the only option. We must find ways to improve our service and meet our customers’ energy needs in a smart, lower-carbon way. Renewable generation and energy efficiency must, and will, play a larger role.
And consumers want more information and control, too; they want reliable and affordable energy that’s clean, and this requires a unique balancing act. By deploying digital energy technologies and modernizing our power grid, we can bring the grid into the 21st century, empower consumers to make wiser energy decisions, and help create a cleaner, lower-carbon and more energy-efficient world.
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