TXU Energy, a Dallas, Texas based utility provider, has announced a free online dashboard for customers to be able to monitor their energy consumption, which it says can help lower monthly bills by showing electricity usage, outdoor temperatures, and trends in power purchasing over time.
According to the company, a California study found that consumers with smart meters reduced demand by 5.7% to 8.7% in some cases. The Public Utility Commission of Texas has established an Electrical Choice Education Program which concluded that people will modify their energy consumption with the correct information in a timely manner
Although the online tool will be available to all TXU Energy customers, whether their home is equipped with a smart meter or not, the program, called MyEnergy Dashboard, has the best benefits for those who also install a Brighten iThermostat that allows users to customize daily indoor temperatures online, and comes with a mobile application for iPhone or Android.
For those who do have homes with installed smart meters, the online tool will allow users to forecast how much their utility bill might be based on historical data, allowing for adjustments to save money. As smart meter installation is on the rise, access to critical data is a necessary feature consumers need to understand how their rates change based on usage. Last year, we reported on a similar online tool from Google, which hopefully signals more and more energy providers will embrace the reporting technology.
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