Why should I pay now for a meter I might not get for two years?

The smart meter is only part of this technology upgrade, which includes an entire system of smart meters, communications equipment and computer software. The cost of this technology upgrade will be shared by all customers, and the total cost per consumer remains the same regardless of when it is paid. Spreading the cost over several years lowers the cost per month.

All consumers of electricity could benefit from potential cost savings resulting from energy conservation encouraged by a smart metering system, even before they receive a smart meter and even if they themselves don’t change their consumption habits. While smart meters can help you save money, you can save more than $3 per month now by using energy efficiently. In fact, one compact fluorescent (CFL) light bulb can save you $30* or more over the life of the bulb. Click here for energy efficiency tips.

*Source: Energy Star.