Smart meters have not increased savings on energy costs
DOI: 10.1063/PT.5.028480
New York Times : Smart meters monitor a home’s energy use and compare it to overall use on the electrical grid. This is supposed to allow prices to be adjusted hourly depending on system usage. The goal is to reduce cost at off-peak hours and reduce use at peak hours. So far, the effect of the smart meters is negligible. With more than 1 million smart-meter homes in the US, less than 1% of homeowners are taking advantage of the hourly price changes, either because accessing the information is too difficult or because they don’t wish to. Brett Feldman of Navigant Consulting says that his company’s analysis suggests that 82% of homes will still not have smart meters by 2020.
