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Ariella
Ariella
2/20/2017 3:11:47 PM
User Rank
IoT Visionary
Re: cost savings
@mhhf1ve Yes, I'd think that some areas are apt to embrace it sooner than others. I'd think the US would be one of the later places, actually.

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mhhf1ve
mhhf1ve
2/20/2017 1:28:57 PM
User Rank
IoT Visionary
Re: cost savings
Well, given that many utilities operate under regulated pricing rules, it might be difficult for differential pricing to be adopted everywhere or that quickly.

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Ariella
Ariella
2/20/2017 11:56:40 AM
User Rank
IoT Visionary
Re: cost savings
@mhhf1ve I did a quick search on differential pricing and found quite a number of studies on the subject. In fact, many are region-specific, determining the possible environmental benefits that could result. So I'd be surprised if no one actually takes the next step and implements it. 

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dcawrey
dcawrey
2/19/2017 2:36:14 PM
User Rank
IoT Visionary
Re: cost savings
@afwriter Very true. Can you imagine what it must cost to repair mechanical electric meters? It must be a major pain. 

Instead, utilities will be able to better hide these meters and protect them. The mechanical ones stick out like a sore thumb, a relic to that days before the internet and someone had to go around and read the data. 

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afwriter
afwriter
2/18/2017 5:53:45 PM
User Rank
IoT Visionary
Re: cost savings
and, though it is a pain, it holds the potential for companies to save big money in the future. Like you say it is going to happen at some point, so why not rip the bandage off now?

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maryam@impact
maryam@impact
2/17/2017 5:37:52 PM
User Rank
IoT Visionary
Re: cost savings
I agree  efficient energy management is a lost opportunity for businesses and consumers; I am certain that and evolved infrastructure with manufacturers and cities working togethr will help with the realizing the savings in the future and preventing energy issues.

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mhhf1ve
mhhf1ve
2/17/2017 4:00:13 PM
User Rank
IoT Visionary
Re: cost savings
The focus of smart energy monitoring always seems to be on the cost savings for building managers or owners... but it's rare to hear about the benefits to the utility companies who can start to impose differential pricing. So instead of one-price-fits-all (or none) service, utilities can start charging more or less for different kinds of customers -- just like there's a business class or coach seats on an airplane.... And perhaps in the future, there will be different energy taxes based on different usage. So the Tesla Model S charging in a million-dollar home would be taxed more than a GM Bolt or Toyota Prius..? (Gas taxes are becoming insufficient for funding road repairs now anyway.)

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Jeremy
Jeremy
2/17/2017 3:22:26 AM
User Rank
Blogger
Re: cost savings
Same old story - establishing companies grumbling about replacing legacy operations and systems. But it's got to happen sooner or later

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dcawrey
dcawrey
2/16/2017 6:52:31 PM
User Rank
IoT Visionary
Re: cost savings
There are a few energy companies already implementing this technology. 

Many utilities are still relying on old mechanical electric and gas operations. Totally inefficient in today's world, but the problem is that these implementations are not easy to put in place. 

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AWattsInfiSIM
AWattsInfiSIM
2/16/2017 11:29:21 AM
User Rank
IoT Novice
Re: cost savings
I agree Maryam, it's extreemly interesting. I've already seen a number of companies use this to great effect; in some instances it's given the business them to really grow an fulfill their potential.

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