Illinois utilty ComEd today released a study that found smart meters yielded larger-than-expected financial benefits on operating efficiency alone.
The report, prepared by energy engineering and consulting company Black & Veatch, said smart meters eliminated the need for manual meter reading. The two-way communications of smart meters also cut down on energy theft and unpaid bills, costs which are now passed on to customers.
Projecting from the utility pilot's program, the report estimates that a full-scale smart-meter program would save between $2.8 billion and $3 billion over the 20-year life of the meters.
The meters can alert the … Read more