Google previewed its new smart grid technology last week, PowerMeter. What's the advantage of a smart power grid? The big advantage of a intelligent power grid is more efficient utilization of available power. For example, under heavy power loads a smart grid could request smart grid enabled appliances to go to a lower power state, saving the consumer money and keeping the power grid safe. It can also highlight inefficient appliances for the consumer.
Here's two links about the PowerMeter technology:
The Google PowerMeter site
Green Wombat post on Google PowerMeter
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