Accurate, Real-Time Consumption Information

• The smart meter records your use information multiple times a day---such as once per hour---and transmits this information to your utility provider. You'll be able to see when you use the most energy.
  
  

Flexible Rates

• The hour-by-hour usage data allows your utility provider to set different rates for different times of day, with the highest rates during peak consumption hours. The utility companies hope this will encourage consumers to use energy at off-hours, which will help smooth out the overall peaks in consumption, which strain the power system. The utility companies build their facilities and infrastructure based on peak usage, so smoothing out the peaks allows them to reduce costs in these areas.
  
  

Energy Conservation

• The information a smart meter provides will help you more closely monitor your energy use and will allow you to implement energy-saving techniques. With careful observation, you'll be able to determine how much energy (and money) you'll save by turning down the thermostat a couple degrees at night or how much more energy a long shower or running an appliance costs.
  
  

Two-Way Communication

• The smart meter allows communication between your utility company and your meter. This makes it easier for your utility provider to detect power outages or problems.
  
  

Improved Energy Forecasting

• Analyzing the hour-by-hour data provided by the smart meters in your area helps your energy providers determine peak hours for use and will help them more accurately forecast future energy needs.