Post tagged with "smart meters"

Opower Labs

This neat data algorithm unlocks the power of smart grid technology—without using smart meters

  • By Justin Spradlin, John Vint, and Barry Fischer
  • July 29, 2014

Smart meters continue to transform the global utility landscape, offering cutting-edge features for energy providers and consumers alike — from outage detection to real-time consumption feedback.

In the US alone, the number of installed smart meters has approximately quadrupled over the past 5 years. These meters are collectively generating more than 1 billion usage data points every day — enabling vital data insights for utilities and their customers.

The smart grid is growing fast in other regions, too. European Union member states have collectively invested around 4 billion USD across hundreds of smart grid projects over the past decade. The UK is targeting nationwide smart meter coverage by 2020. And Japan’s largest electric company is working to equip all 27 million of its customers with advanced meters.

As projects like these unfold, smart meters are becoming the industry norm. But some regions are farther ahead than others. The Edison Electric Institute predicts that by 2015, only around half of US states will have smart meter penetration rates higher than 50 percent.

Smart Meter Penetration by 2015

Some states are farther ahead than others with smart meter installations. (Source: IEE Edison Institute, August 2013)

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Our Thinking

18 things utilities need to know about Accenture’s new report on energy consumers

  • By Casey Davis-Van Atta
  • July 14, 2014

In case you missed it, researchers at Accenture just published their huge annual study on energy consumers. The latest version, Architecting for the Future, reflects more than 13,000 in-depth interviews with residential utility customers in 26 countries — from North, Central, and South America to Europe and Asia.

There’s a mountain of insights in the report, and it’s well worth giving it a thorough read. For now, here are 18 of the most interesting data points that energy pros need to know.

really big trends

1. Utilities are starting to win back their customers’ trust. Last year, just 24 percent of people trusted their energy provider to deliver sound energy management advice. In 2014, trust climbed to 37 percent — more than online service providers, telecommunications groups, home security companies, and other new entrants in the energy market.

Accenture: Trust

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Our Thinking

VIDEO: 17 ‘lightning talks’ on energy innovation at the White House Datapalooza

  • By Casey Davis-Van Atta
  • June 3, 2014

Yesterday, we discussed the Environmental Protection Agency’s new effort to cut emissions from power plants, and what it means for American utilities. Our key takeaway: the rule is ambitious, but by embracing the energy efficiency measures it promotes, utilities can strengthen their bottom lines and their customer relationships.

In fact, innovators across the energy space are already helping power companies unlock that opportunity. Their solutions were on full display at the White House’s Energy Datapalooza last week, where some of America’s top energy pioneers came together to share their ideas to boost efficiency, promote clean energy, and build a smarter grid.

White House Energy Datapalooza 2014

Energy Secretary Ernest Moniz speaks at the 2014 White House Energy Datapalooza. (Source: Energy.gov)

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