Smart meters with Advanced Metering Infrastructure (AMI) coupled with dynamic pricing can teach consumers to modify their energy-use profiles, saving money and shifting high energy-consuming activities to lower demand times.
Energy information and control can be vital elements in a smart home automation hub. Personal computers, home energy panels and mobile devices can deliver real-time information to guide and enable immediate household energy decisions.
Smart appliances receive signals from smart meters that determine how they operate. During peak periods, they can change modes or put off high-energy-consuming activities to times when more energy is readily available and costs are lower.
Plug-in hybrid electric vehicles will connect with smart-metered homes to make electric transportation practical and affordable. Dynamic pricing can encourage charging at night and give utilities a revenue stream for fixed assets that are otherwise lying idle.