Utility Reporting: For all new leases, the government may require that landlords deliver quarterly utility consumption reports.
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For example, M2M-enabled smart utility meters are currently collecting information on electric, water, or gas consumption and sending it to utility companies.
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Maybe you have one of the newer utility meters that automatically collect information on consumption and relay it back to the utility company.
None of this should surprise environmentalists: Fuel-efficiency standards sparked the boom in the ultimate symbol of wasteful consumption, the sport utility vehicle.
The basic claim is that the government should change endowments with transfers, but allocative efficiency is maximized by letting individuals choose their utility maximizing consumption bundle.
In July, according a report in The Energy Daily, hackers broke into the system monitoring smart meters at a Puerto Rico utility and rolled back consumption readings.
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The average annual electricity consumption for a U.S. residential utility customer is about 11, 000 kilowatt-hours.
The consumption data would be real-time from meters or monthly from utility bills or manual data entry.
It saves consumers money -- perhaps hundreds of dollars off their utility bills each year -- and it reduces our energy consumption in the process.
More than half of consumers expressed interest in participating in utility-sponsored energy-management programs, especially programs that allowed them to manage energy consumption through devices in the home or an online portal.
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