
A smart meter looks like the meter you have now, except the display is digital and there are no dials. It records how much electricity was used and when it was used (typically hourly) and communicates this information automatically via wireless and other technologies.
Currently, most homes are equipped with a meter that has dials and measures the total amount of electricity used in a billing period, typically one or two months, so customers do not have the ability to track their electricity consumption. This is because old meters were read manually; new meters are read remotely.
The smart meter system provides a number of significant benefits.
Smart meters will not automatically result in energy cost savings. However, when teamed with time-of-use rates, your smart meter will provide you the opportunity to better manage your electricity bill by reducing electricity use during higher price periods and by moving your electricity use to lower price periods.
Eventually yes. As an initiative of the province of Ontario, all homes and businesses will be equipped with smart meters.
Between now and 2025, Ontario must build almost a whole new electricity system. This includes replacing about 80 per cent of our current generating facilities as they retire over time, and expanding the system to meet future growth. Building new supply is vital. So is conservation. That's why the Government of Ontario is introducing new tools like smart meters that will encourage all of us to think more about how and when we use electricity
Smart meters will be installed at homes where the existing meter needs to be upgraded. The goal is that everyone in Ontario will have one by December 31, 2010.
There is a website dedicated to proving information about smart meters. Go to www.smartmetersontario.ca.