Smart meters can benefit the electric company by :-
- Eliminating manual meter reading
- Monitoring the electric system more quickly
- Making it possible to use power resources more efficiently
- Providing real-time data useful for balancing electric loads and reducing power outages (blackouts)
- Enabling dynamic pricing (raising or lowering the cost of electricity based on demand)
- Avoiding the capital expense of building new power plants
- Helping optimize income with existing resources
- After the electric company has fully installed its advanced metering infrastructure, smart meters can benefit the electric customer by…
- Offering more detailed feedback on energy use
- Enabling them to adjust their habits to lower electric bills
- Reducing blackouts and system-wide electric failures
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