A new report by Innovation Observatory, more than $378 billion will be collectively invested in building electricity smart grids by 2030. Sources: Http://Xrl.Us/Bii2sf http://xrl.us/bigqfh

Thursday, October 15, 2009

UK spend £10bn on smart meters

Author:Ian GrantPosted: 12:41 14 Oct 2009Topics: Green IT

The Department of Energy and Climate Change (DECC) is expected to reveal its decision this month on how to implement a £10bn plan to replace 47 million gas and electricity meters with new smart energy meters in every British home, office and factory by 2020.

The government believes smart meters will provide accurate real-time information on consumers' energy consumption, encouraging them to use less. Smart meters promise to give consumers the ability to switch between energy suppliers almost instantly. Micro-generators will be able to sell spare energy back to the grid, and consumers will be able trickle-charge their electric cars at the cheapest rate. There will be no more meter readers or estimated bills.

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