News Roundup - Another Benefit of Smart Meters

Much has been discussed regarding the current and potential benefits of Smart Meters.  They can provide real-time or near-real-time electrical consumption details and provide that information back to the utility.  This can enable smarter billing plans, usage alerts, and allow for more efficient handling of the electrical grid.

Leveraging this technology, a company called OPOWER is working with utilities to create "smart bills" that show how your usage compares to neighbors.  They can use email and texting to alert customers when certain thresholds are reached, allowing a 'heads up' when a consumer is on-track for a high bill.

OPOWER claims that consumers who have smart meters and are part of this system on average reduce their power consumption 2% to 3%.  Across millions of homes, that is substantial.  Here in Arizona's deserts, 2-3% could translate to $40 to $80 of savings.

Read more about OPOWER on CNN.