Smart Meters - Will They Really Help?

You may have heard about the recent call for installing smart meters in our homes. These meters are advanced electrical meters that identify power consumption in greater detail than ordinary meters, and send that information back to the utility for billing and monitoring. But will they really help reduce power consumption and help us lower our Texas electric bills?

Let's take a look at what smart meters can and can't do for us. Traditional power meters regulate only the energy consumed, and not when it was used, meaning that it's hard to match consumption with production. Smart meters are one of the more economical methods of measuring not only consumption, but times other information. This allows power companies to set different prices according to when the power is used. This will allow customers to save money by using power at nonpeak hours and avoiding paying too much for energy. It's hoped that this will keep Texas electricity prices down.

Italy's dominant utility is currently serving over twenty-seven million customers with fully electronic smart meters capable of measuring and managing power, and which have a software controlled disconnect switch. They're solid state, and communicate via low voltage power lines. These systems offer more features to utilities, allowing remote changing of billing plans, the ability to detect outages and unauthorized use, and the ability to turn power on and off remotely. Smart meters have also been implemented in Turkey, Canada, New Zealand, the Netherlands, Scandinavia and Australia. In the United states, a number of jurisdictions are actively pursuing smart meter technology, such as Northen California and Texas. Implementation is imminent in the UK and in Ireland.

Energy experts have noted that it's important for meters to allow homeowners to make choices such as buying their power when it's cheapest and selling wind turbine and solar panel electricity to utilities when they choose to.The biggest problem with smart meter technologies is generally communication, since each meter must be able to securely and reliably communicate the information to a central point. This can be tricky, given the range of locations and environments in which these meters are located. Some solutions that have been proposed include cellular networks, radio, and power line communications.

Recently, US President Obama has called for the installation of forty million smart meters, as well as three thousand miles of transmission lines. This would be the first real update to the electrical grid in about forty years. Some feel that this will create what is being called a "smart grid" and will be as big an influence on our society as the Internet, the Interstate, the telephone and the railroad. The ability of this grid to pull energy from clean power projects is one of the reasons it's being supported, as well as its ability to forstall the need for building new power production centers.

Smart meters can cost anywhere from a hundred to three hundred dollars to install - each. The amount depends on the quality of the smart meter in question, but it will be a significant investment. However, venture capitalists have been investing in this technology recently, so it may be possible. Soon, you could be choosing when you use power based on the price, and possibly saving money and energy.