'Smart' meters can give consumers an edge
http://www.businessedge.ca/article.cfm/newsID/15619.cfm
Pilot project finds significant energy savingsBy Eli Schuster - Business Edge
Published: 06/15/2007 - Vol. 7, No. 12
How much energy - and money - would you save in your home if you could see the cost of the electricity being used in real time?
Apparently, about 15 per cent.
As the market for green technology heats up, consumers across Canada will soon be introduced to so-called smart-meter technology and one Canadian firm, Blue Line Innovations, will reap some of the rewards.
In May, Blue Line signed an agreement with Newmarket Hydro in Ontario, through which the utility will offer home electricity monitors to residential customers at cost.
For $137.50 plus GST and provincial sales tax, homeowners can buy a PowerCost Monitor, which consists of two components - a sensor that is attached to the outside of the electricity meter (homeowners can install the meter themselves and it does not require access to the electrical panel) and a small display that can be placed anywhere in the house.
The sensor on the meter sends a wireless signal to the display, which shows the current and accumulated electricity consumption in dollars and cents, and in real-time feedback.James McMillan, Blue Line's vice-president of sales and marketing, said the PowerCost Monitor "will pay for itself in a matter of months."
During a 2004-2005 pilot project, Blue Line provided PowerCost Monitors to 500 Hydro One customers in Ontario. That pilot, which was monitored "rigorously" by McMaster University, found that homeowners who used the monitors saved up to 15 per cent on their electric bills.
According to Blue Line, the savings in greenhouse-gas emissions would equal the shutting down of one coal-fired power plant or taking 1.2 million cars off the roads if every home in Canada had a PowerCost Monitor for one year.
Calling the PowerCost Monitor a "speedometer for the home," McMillan argued that it allows customers to make informed decisions on how to spend money on electricity.
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