Indiana Michigan to monitor power usage
The monitoring by Indiana Michigan Power will be the first using a "smart grid" technology that could eventually save customers money, utility spokesman David Mayne said.
The one-year test involves a display unit that shows how much electricity has been bought and used. The utility can then provide information back to the customer that can be used to modify consumption. Service interruptions also can be detected more quickly.
"There are a lot of utilities that intend to introduce this technology in the years to come," Mayne said.
Indiana Michigan Power will begin the installation in South Bend in October and hopes to complete it by the end of the year. The company also will work with homebuilders to install advanced energy controls in 50 new homes.
Related News
Tesla (TSLA) Wants to Become an Electricity Retailer
NEW YORK - Last week, Tesla Energy Ventures, a new subsidiary of electric car maker Tesla Inc. (TSLA), filed an application to become a retail electricity provider in the state of Texas. According to reports, the company plans to sell electricity drawn from the grid to customers and from its battery storage products. Its grid transaction software may also enable customers for its solar panels to sell excess electricity back to the grid.1
For those who have been following Tesla's fortunes in the electric car industry, the Palo Alto, California-based company's filing may seem baffling. But the move dovetails with Tesla's…
