Its official we are heralding in the new era of smart metering and the
possibility of saving 500 euros a year on our ESB bill. As reported in
the Irish Independent we will be pay less if we use power during off peak hours and more during peak ( 5 p.m. – 7 p.m)
Minister Eamon Ryan announced details of phase 1 of the 1bn euro plan
to have all homes smart meter enabled by 2012. Householder may have to
pay 100 euros for the smart meter to be installed. 21,000 households
will take part in a trial.
Micro generation and the
possibility of selling back to the grid was alluded to but no concrete
details were provided. Netmetering ie. offsetting over a period of time
will need to be in place if this is to be financially attractive to
domestic producers. As outlined in a previous article
a domestic producer does not produce electricity at a flat line rate.
Wind for example can be feast or famine so over time the producer
should be allowed to offset their production against their consumption.
i.e. net metering,