ANTONISH wrote:For most consumers being able to monitor their real time electricity consumption is a nine day wonder.
Either one needs to use the electricity or one doesn't.
I suspect that the real aim - if the system ever becomes truly "smart" will be to introduce pricing based on real time demand - of course you may be able to see the unit price go up and down - but what are you going to do about it - perhaps turn everything off at high price points and put it on again when it gets cheaper.
Someone on here posted previously about his energy supplier offering negative prices a day ahead encouraging users to consume as much electric as possible and get paid for it. All measured with smart metering. Time to put the immersion heater, electric heaters, oven and all your heaters on. Like the renewable heat incentive in NI where owners of wood burning stoves were encouraged to burn as much as possible and get paid for it.
heres the link to it viewtopic.php?f=15&t=136479&p=1464636&hilit=smart+meter+negative#p1463846