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Smart Meters Now Installed in Millions of Homes, but Consumers Are Slow to Adopt Dynamic Pricing, Business and Industry Trends Analysis

New, smart utility meters have been installed at a rapid rate at consumers’ locations in major U.S. markets.  For example, CenterPoint Energy has installed 2.3 million smart meters in Houston alone.  These digital meters transmit usage data to utilities, display price fluctuations to customers and alert utilities to service interruptions instantaneously.  The meters save utilities the cost of employing meter readers.  At the same time, they promote conservation, since homeowners can plan activities such as washing clothes or charging plug-in devices at night, when usage on the grid is down and prices are lower.  This variable electricity cost is known…

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