“Smart” Electric Meters on the Rise, Will They Curb Energy Use?

According to a new study from ABI Research, "Smart" electricity meters, which enable two-way communication between the meter and the utility, and may enable greater consumer control over consumption, are being deployed at an increasing pace, especially in North America and Europe. The number of smart electric meters deployed worldwide will rise from a 2009 level of 76 million to reach more than 210 million in 2014.

In the US, $3.4 billion in federal economic stimulus funding was directed to smart grid development in November 2009. The Energy Independence and Security Act of 2007 (EISA 2007) also directly encourages smart grid technology adoption by the states, and funds NIST’s efforts to develop a standards-based technology framework to facilitate smart grid adoption.

However, ABI says the path to smart metering is not always smooth, siting PG&E in California, one of the early utilities to deploy smart meters. The company has faced claims by consumers that they have been overcharged. Still, there are many environmentalists who believe that smart meters will help consumers curb their energy use and save money, simply by being more educated about the amount of energy they use. And there are those that say people may use more energy if they see that electricity is cheaper than they expected.

For more, check out the NPR Morning Edition podcast Debate: Do Smart Meters Curb Energy Use? and ABI Research's study.