Smart meters boast a myriad of benefits for consumers, according to a recent paper by the R Street Institute [2] based in Washington, DC: “Leveraging Competitive Markets to Unlock the True Value of AMI.”
One potential benefit of AMI is lowering the existing cost of competitive supply. Costs to serve large commercial industrial (LCI) customers can vary significantly, so they are billed based on actual interval usage data; however, residential consumers often have their usage costs based on average data profiles rather than their own. Shifting away from fixed rates enables customers to respond to price signals. Research done by R Street [3] has found that residential consumers currently on competitive supply could save approximately $250 million per year under smart-meter rates.
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Winnipeg Free Press By: Ian Madsen
Opinion
ORDINARY Canadians have begun worrying about something that usually only dismal scientists i.e. economists care about: our alarming federal and provincial deficits and exploding government debt.
Putting an economy into lockdown was assuredly going to reduce tax revenues and increase transfers to individuals and businesses to ameliorate the devastation wrought by the COVID-19 pandemic. But it only became clear this summer the extent of the fiscal damage: a federal deficit of $343.2 billion for the current fiscal year ending in March, and a federal debt exceeding $1 trillion, or just under 50 per cent of gross domestic product.