How will customers/PECO use smart meters?
Customers can use the new smart meters to better understand how they usage energy, shift or reduce use of certain appliances, and save money under new rate options and pricing programs, including time of use rates, real time prices, and rebates for peak load reduction. Customers can also take advantage of in-home displays or Web-based programs to review energy usage in real time or in hourly and daily internals, rather than getting only a monthly bill. This way, consumers can react to price signals when wholesale or retail electric prices fluctuate, control appliance use, and save money. In the future, customers may also take advantage of on-site power generation and plug-in hybrid electric vehicles.
