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BGE unveils $500M smart grid program aimed to trim customers’ bills – Baltimore Business Journal:

In Energy on July 13, 2009 at 4:25 pm

Reprinted from
Baltimore Business Journal – by Scott Dance Staff

BG&E unveiled plans Monday for a smart grid program that it says will take as much demand off the electric grid as a new power plant, but at far lower cost.

The utility is planning to install 2 million “smart” electric meters in its customers’ homes and businesses. The meters will help the customers reduce their energy consumption at times of peak demand, and the utility will give the customers rebates in return.

The program will cost $500 million — a bill customers will foot through a surcharge of a few dollars a month for businesses and an average of $1.24 per month for residential customers. BGE is also seeking $200 million through the U.S. Department of Energy and federal economic stimulus package to reduce those surcharges.

via BGE unveils $500M smart grid program aimed to trim customers’ bills – Baltimore Business Journal:.

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