Posts filed under ‘dynamic pricing’

Look beyond meter-to-cash for smart metering benefits

Meter-to-cash (M2C) is one of the most common business justifications for deploying smart meters and meter data management (MDM) platforms. But MDM is much more than just M2C. MDM can comprise several strategies that help utilities increase revenues and reduce costs, not just through the billing system.

Full post: Meter-to-cash: What it is, and why it’s only the starting point for smart meter benefits

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November 23, 2013 at 3:55 pm

NSW, Australia: Smart meters, time-of-use prices could aid demand response

In the southern hemisphere, summertime is approaching — so temperatures and peak energy demand soon will be soaring in Sydney and other parts of the Australian state of New South Wales. A new report from the NSW government’s Productivity Commission recommends several reforms that could help Australian utilities manage peak demand while rewarding consumers for aiding this effort…

Full post: Hot Australian summers? Government commission recommends smart meters, time-of-use prices

October 19, 2012 at 4:29 pm

Why few U.S. consumers use time-of-use energy prices

Time-of-use (TOU) prices have been around for decades, but so far U.S. customer adoption has been slow. However, U.S. policymakers are now eager to promote TOU pricing for electricity since this strategy has been proven to promote energy efficiency. Also, customers like TOU prices — when they are voluntary.

What’s a regulator to do?

Having worked on this issue for 30 years, I see four main barriers to implementing TOU prices that customers like.

Full post: Why few U.S. consumers use time-of-use energy prices, and how utilities can correct that

September 14, 2012 at 2:53 pm

The evolution of the smart grid

As the Smart Grid Watch blog now moves to the Siemens website, we begin a new chapter in the evolution of the smart grid. It is also a new chapter for eMeter, providing a new software focus for this global technology giant and smart grid leader.

It’s a good time to reflect on how the smart grid has evolved…

Full post: The past, present and future of the smart grid

September 7, 2012 at 1:11 pm

Why consumers should have the choice of time-based electricity prices

According to many surveys, 40-80% of consumers want the choice of time-based pricing. Why? It gives them the option to avoid paying high peak-hour prices for electricity.

Without this rate option, every customer must pay for on-peak power — whether they use, or want to (or not).

August 6, 2012 at 6:58 pm

How smart meters help fight power outages

Our hearts go out to the millions of residents in the eastern U.S. who are suffering power outages in the worst heat ever. In June alone, there were 3,215 record high temperatures around the U.S. — and nature added insult to injury with powerful thunderstorms that knocked out power lines from the Midwest to the Mid-Atlantic. How can smart meters help in this situation?…

Full post: Of heat waves and thunderstorms: How smart meters help fight power outages

July 5, 2012 at 1:34 pm

Why do so few customers have time-of-user electricity prices?

According to a new report from the Edison Institute for Energy Efficiency, nearly one third of U.S. homes and businesses has a smart meter — 36 million so far.

Yet according to my esteemed colleague, economist Dr. Ahmad Faruqui, only about 1% of U.S. customers are charged for electricity according to dynamic or time-of-use (TOU) prices.

Why so few — especially since price signals are a key way to empower consumers to fully realize smart grid benefits?

Full post: Time-of-use electricity prices: Why do so few customers have them?

May 21, 2012 at 6:33 pm

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