Smart meters are a good thing.<quoted text>
You're using to much electricity, think I'll raise your rate or turn off your air conditioner.
"Smart meters will also eventually enable utilities to raise and lower the price of electricity based on demand, allowing consumers to adjust their power use accordingly. So, for example, on hot summer days when power demand is high, consumers would save money by waiting until evening to run the dishwasher. If this causes them to reduce their overall usage, it should also lower their bills. Someday, smart air conditioners might be programmed to respond to these signals as well,†"
Around here, businesses are offered different rates for nighttime vs daytime usage.
Smart meters will expand that to residences.
The problem is base load. If everyone does their heavy electrical usage at the same time every day, and the rest of the 24 hours are lower usage, it forces the electric utilities to have more generators online for only a few peak hours.
That's an investment that has little payback, if any.
They're trying to spread the load over 24 hours.
Pretty tricky with A/C units, esp. in summertime.
But it's a good start.