The ultimate in energy efficiency will come when power producers can turn on and off small substations at a moments notice based on real-time data on energy consumption at a household level, and consumers can make power purchasing decision based on real-time metering of their consumption.

FORBES: Gil Perez

Draghi added that the central bank had looked at consumer price inflation in the euro zone over two to five years in order to make the decision, and the rate hike had also been a response to lower purchasing power.

FORBES: Magazine Article