New York, NY, U.S.A. — (METERING.COM) — May 12, 2007 – New York State Electric & Gas Corporation (NYSEG) is seeking regulatory approval for the installation of an advanced metering system for its 1.8 million customers. The utility hopes that approval will be granted in the fall; if it is, deployment of the new meters will start in early 2008, and will take about three years to complete.
The smart meters will allow NYSEG to introduce a time of use program for their customers, with higher prices being charged during peak hours. NYSEG believes that it will be able to manage demand for electricity more effectively, and encourage its customers to be more aware of the need for conserving energy. Participation in the program will be voluntary, however.
The cost of the new or refurbished meters will be borne by customers, who will pay about 35 cents a month over a 20 year period. James P. Laurito, president and CEO of NYSEG, believes that the deployment of smart meters will reduce the need to build more generation plants.