SRP applies for stimulus funds for smart projects
Officials with the Tempe-based utility say the extra money would not diminish the need for an 8.8 percent electric rate increase pending before SRP's board of directors, but it might reduce the size of future rate hikes.
SRP officials say the projects being sought for stimulus funding would give customers more options for controlling their energy use, improve reliability and promote clean energy.
Smart meters can send data via radio signals back to the utility, allowing the meter to be read automatically by a computer at an SRP control center.
SRP has already deployed more than 400,000 smart meters and wants to install another 540,000 by the fall of 2011, when every customer would have one.
Related News
Philippines Ranks Highest in Coal-Generated Power Dependency
PHILIPPINES - In a striking development, the Philippines has surpassed China and Indonesia to become the nation most dependent on coal-generated power in recent years. This shift highlights significant implications for the country's energy strategy, environmental policies, and its commitment to sustainable development amid global efforts to reduce carbon emissions.
Rising Dependency on Coal
The Philippines' increasing reliance on coal-generated power is driven by several factors, including rapid economic growth, rising electricity demand, and the perceived affordability and reliability of coal as an energy source. Coal has historically been a key component of the Philippines' energy mix, providing a stable…
