Smart Grid Billing Startup Helps Save Energy By Time-Shifting Use
When supply does not meet demand, a "scarcity" is produced, a known threat to exhaustible sources like electricity. Founded in 2009, Startup Smart Grid Billing aims to curb this by developing applications that will help put the limited amount of available resources to efficient use.
Smart Grid Billing is testing the pairing of energy-monitoring equipments with software that amass energy consumption data to determine the appliances which are possible candidates for a reduced energy consumption, all in real time. The block of unused power is then sold at a wholesale value to a local grid operator. Smart Grid Billing shares its revenues with its customers, offering them discounts on their utility bill or restoring electricity flow through the equipment at a later time when demand is not at peak.
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This methodology of reducing the load during peak hours of electricity use, is called demand response, or energy time-shifting. Smart Grid Billing is now taking the idea forward by reducing the need for  generating more power by maintaining a balance of supply and demand in process. Smart Grid Billing provides live connection, and hence is able to determine the electricity they need to move around in real time. Real-time data communication and automating data analysis helps Smart Grid Billing provide their customers with highest quality of service. The startup plans sell to businesses and is launching a field trial of its service at a golf course later this month.
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Smart Grid Billing is testing the pairing of energy-monitoring equipments with software that amass energy consumption data to determine the appliances which are possible candidates for a reduced energy consumption, all in real time. The block of unused power is then sold at a wholesale value to a local grid operator. Smart Grid Billing shares its revenues with its customers, offering them discounts on their utility bill or restoring electricity flow through the equipment at a later time when demand is not at peak.
#-Link-Snipped-#
This methodology of reducing the load during peak hours of electricity use, is called demand response, or energy time-shifting. Smart Grid Billing is now taking the idea forward by reducing the need for  generating more power by maintaining a balance of supply and demand in process. Smart Grid Billing provides live connection, and hence is able to determine the electricity they need to move around in real time. Real-time data communication and automating data analysis helps Smart Grid Billing provide their customers with highest quality of service. The startup plans sell to businesses and is launching a field trial of its service at a golf course later this month.
Source & Image Credit: #-Link-Snipped-#
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