Meterwhiz was set up to help to reduce energy waste. It applies the business experience that real-time accurate information empowers individuals to markedly improve decisions.
At present households receive bills monthly in arrears with no ability to relate consumption to usage. It is like going shopping with no prices and getting the bill a month later with no itemization.
The US Government has analysed overall electricity usage to show that 30% is wasted.
Viewing usage in real time has consistently been shown to be necessary in order to make substantial reductions of up to 30% in electricity bills. Consumers have consistently shown that they have the innate ability to reduce waste once they can see the actual usage/cost for each device. Lighting is estimated to make up 12% of total household usage but we all leave lights on all the time. In this site we describe how to measure your electricity consumption while holding in your hand a display showing the change when a device is switched on or off.
1) Reducing electricity waste saves you money on your electricity bill. Electricity billing has been formulated to give maximum monetary incentive to those who decrease their usage below a baseline quantity. You could be charged 3 or 4 times as much for excess usage.
2) If all consumers removed merely their wasted electricity we would have a reduction sufficient to avoid building new capacity until alternative electricity generating methods are fully developed and proved.
3) The initial investment is recovered over time by reduced payments, the more you pay for electricity at present the faster the payback.
4) If you want to reduce the production of greenhouse gases, which contribute 40% of CO2 emissions, then reducing electricity waste is the most efficient first step.