Vast Majority of Consumers Suffer Financial “Net Loss” with Smart Meters

by K.T. Weaver, SkyVision Solutions

Frontier Economics and Consumer Net Loss with Smart MetersThis article provides specific information to counter claims made by smart meter proponents that smart meters provide consumers with financial benefits, i.e., saving energy and reducing their utility bill.  In addition, this article presents information to help disentangle how policy makers conflate the topics of grid modernization, smart meter deployments, and sound environmental policy.

Inflated or False Claims on How Smart Meters Help Consumers Save Money

As an attempt to convince consumers that smart meters are “good” for them, they are fed propaganda-like messages regarding “consumer empowerment” by smart meter proponents.  In short, and as stated by the Attorney General for the state of Illinois:

“The pitch is that smart meters will allow consumers to monitor their electrical usage, helping them to reduce consumption and save money. …  Consumers don’t need to be forced to pay billions for so-called smart technology to know how to reduce their utility bills.  We know to turn down the heat or air conditioning and shut off the lights.”

We certainly do not need to spend billions and billions of dollars on smart meters for the consumer to know that if you start shutting off switches or changing the thermostat setting that you can save energy.  The whole concept is actually quite absurd.  For those consumers who do want more detailed usage information, there are a number of products available online or at your home improvement store that can provide the same or better information than with a smart meter.

To help counter some of the claims, ridiculous as they may be as to how smart meters are somehow needed to help consumers save money, I have already written a number of articles highlighting studies and auditor-general reports that reveal that smart meters offer no net benefits to consumers.  Among the past articles supporting this assertion are the following:

  • Families Punished by ‘Smart’ Meters and TOU Rates, Recent Study Confirms, highlighting an Australian study showing that time-of-use electricity rates have inequitable financial and social impacts for households with children [6].

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  • Bio:
    K.T. Weaver is a health physicist who was employed in the nuclear division of a leading electric utility for over 25 years.  He served in various positions, including Station Health Physicist, Senior Health Physicist, corporate Health Physics Supervisor, and corporate Senior Technical Expert for  Radiobiological Effects.  K.T. has earned a B.S. in Engineering Physics and an M.S. in Nuclear Engineering with a specialty in radiation protection.
    K.T. Weaver also serves as a consumer protection advocate using the name of “SkyVision Solutions.”  SkyVision Solutions provides awareness information, analysis, and commentary on the benefits versus costs and risks related to smart grid technology.  SkyVision Solutions operates the Smart Grid Awareness website and utilizes this technology-oriented platform as its primary mechanism to document and convey smart grid awareness information to the public and other interested parties.

     

 

 

 

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