Dallas, TX, U.S.A. --- (METERING.COM) --- August 23, 2011 - Oncor has installed its two millionth advanced meter, completing approximately two-thirds of its planned advanced meter deployment throughout its service area.
The installation was started in 2008 and the company plans to install more than 3 million advanced meters by the end of 2012.
"This is a significant milestone," said Oncor senior vice president of Asset Management and Engineering Jim Greer. "Advanced meters empower customers to better monitor their energy usage and manage their energy consumption which, ultimately, can help them control costs and reduce their impact on the environment."
Oncor's advanced meters record energy usage in 15-minute intervals, giving customers with advanced meters access to daily and cumulative energy usage information online through the state's Smart Meter Texas™ web portal. Customers can also review their usage information, as well as their carbon footprint and prices per kilowatt hour, in near real time via energy management devices such as in-home monitors and other home area network (HAN) devices.
Earlier this month, Oncor, along with Grid21 and CenterPoint Energy, launched the Biggest Energy SaverSM Consumer Contest, which rewards customers who use data from their advanced meter to sustainably change their habits and reduce their energy usage. Qualified registered contestants could win prizes, including a new plug-in electric Chevy Volt or a suite of GE Profile "smart appliances."
Based on studies from around the world and current customer consumption patterns, Oncor estimates that its customers could collectively save up to $250 million annually and reduce the need for up to a dozen new power plants over the next decade.