The Cost of Not Having a Smart Meter

By not owning a smart meter, you could be loosing money in two ways. The first way is quiet obvious, where you'd be paying inaccurate electricity bills. Meters don't give proper estimates, whereas smart meters break down precise usage. The second way is that if installation of a meter is refused, you could be subject to fines. Although this idea is only for American Electric Power Ohio customers, other areas of the country could adopt this policy in the future. For this company and many others, maintaining these outdated meters could be become exponentially expensive. Lack of interest and enthusiasm in smart meters result from not knowing how diverse and beneficial the applications are.

Smart meters can do it all:

• Measurement & Verification

• Demand Response

• Energy Cost Allocation

• Equipment Efficiency Tracking

• Preventative Maintenance

• Tenant Sub-Metering

• Net Metering

Setra's new Power Meter is a revenue-grade meter that can cover all these applications. Built with a versatile and powerful platform as well as options for 3, 12, or 48 load configurations, Setra's Power Meter can meet the demands of any submetering application. The web portal makes configuration easy, as does options for 4 different communications protocols.

(Source: http://energysmart.enernoc.com/two-eye-opening-statistics-about-energy-prices)