Smart Grid Technology, Will Raise Energy Prices
Posted in the Chicago Forum
#1 Dec 25, 2013
Smart Grid Technology, Now Spreading Across U.S., Will Raise Energy Prices to Reduce Demand
December 24, 2013
The Obama administration is spending billions of dollars to modernize the nation’s power grid, with the goal of changing the way Americans use energy. Your electric bill will go way up, unless you allow the utility to control your energy load at times of peak demand.
“Smart grid” technology involves a wireless, two-way flow of information between individual homes and the power plant. This allows the utility to charge more for electricity, depending on when it is used; and it enables the utility to manage energy for the consumer, to reduce the impact on the grid.
For example, customers eventually will be able to program their “smart” appliances and thermostats so the utility company can turn them off at times of peak electricity usage.
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