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Smart Meters Weather the Storm

June 01, 2013

 

Dave Buster, Manager, Solutions Marketing, Elster Solutions

Over the last decade, smart meter technology has been installed for use in millions of residential and commercial buildings in the U.S. Indeed, the U.S. is ahead of much of the world as utilities install smart meters in their service areas. For much of the industry, the primary business drivers for deployment have been cost reduction and energy savings. Cost reduction is relatively easy to justify because smart meters can reduce or eliminate the cost of physically visiting meters to collect readings for billing purposes. Advanced meters also include remote control switches to disconnect power as well as measure time-of-use, again without the need for physical visits. For energy
savings, smart meters also provide a way for utilities to offer services to reduce consumption by managing individual appliances in return for a reduced rate. These technologies are proven, mature, and are widely deployed.