Washington, DC, U.S.A. — (SMART-ENERGY.COM) — June 15, 2007 – Chief executives of 160 leading U.S. companies have called for the encouragement of smart metering and other demand side management (DSM) measures.
In a report setting out their vision for America’s energy future, the executives, who comprise the Business Roundtable association, note that while dramatic progress in improving energy efficiency has already been made, important opportunities for further intensity improvement remain untapped and smart metering is one of several strategies that electric utilities can use to reduce demand. With other DSM measures the use of smart metering has savings projected around 0.09 million barrels of oil equivalent per day by 2025, which is almost 2% of savings projected from all energy efficiency initiatives.
In its report Business Roundtable also committed itself to encouraging member companies to adopt smart metering, among an array of energy efficiency initiatives, including computerized energy management and control to shutdown lighting and equipment when not required and advanced power systems technologies.
Other energy efficiency measures reviewed include upgrading the efficiency of residential and commercial buildings, improving power generation, reducing losses and improving the efficiency of industrial equipment, together having projected savings of 5.9 million barrels of oil equivalent per day by 2025.
“Wise and efficient energy use is one of the best strategies for enhancing energy security,” says the report. “Every unit of energy we conserve through greater efficiency means lower energy consumption and therefore less oil, gas or coal to meet demand. Energy efficiency has important environmental benefits… Energy efficiency also strengthens our economy by improving the productivity, financial performance and competitiveness of U.S. companies and the purchasing power of consumers.”