Thank you Bah for the link about the GE I-210+C SmartMeters. That meter is not like the ones that I have seen made by Landis-Gyr that are being installed in my area.Meters that can measure power flow both into and out of the residence are called "bidirectional." This is from the GE smartmeter page.
The I-210+c SmartMeter is a bi-directional meter that supports Net Metering. Both received and delivered data metrics
are stored in the meter and can be delivered to the utility as needed to support “green-credit” electricity programs
for consumers who own renewable energy facilities or participate in vehicle-to-grid systems."
Here is the link http://www.smartsynch.com/pdf/I-210+c_SmartMe...
They did not specify in what countries and what regions the I-210+c meters are being used if any, so until someone comes up with some documentation on the Landis-Gyr meters, we have no way of knowing if the current wave of SmartMeters are capapable of 2 way time of use metering.
I saw a flyer that was given to customers who had new SmartMeters installed, they said that the meter reader will still come and read the new meters until they get the infrastructure in place to read them remotely, and gave no time line at all. It could be years before the utility companies (PG&E in this region) start to actually utilize all the radio transmissions put out by those new meters. PG&E won't say, or tell their meter readers either. It is a shame that all the money spent by the ratepayers and taxpayers and energy to transmit data is not being used yet.
At least if PG&E was more truthful about the whole program, the goals and the time lines, the public might have just a little bit of trust in PG&E. But now it is nada, zip, zilch, they are lying hags.