In both scenarios, the amount of electricity supplied through the power grid is lower during peak periods, which improves reliability, reduces rates by avoiding the use of high-priced power plants during peak hours and delays capital intensive infrastructure investments needed to maintain the grid.
According to the ETF Finder at ETF Channel, ITC makes up 8.34% of the First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund ETF ( NASD: GRID )which is trading lower by about 2.3% on the day Friday.
OnStar will allow researchers to develop services such as demand-response that would allow drivers that sign up to let the utility control when their Volt is charged to minimize the impact on the grid in exchange for receiving a lower electricity rate or other incentives.