How much do you think about when you use power? For most Americans, how much power used is important because it impacts cost, but when the power is used doesn't really enter the mind. However, when power is used can matter just as much for the power company. Power costs more to produce in high demand times than in low demand times, so prices should really depend on time. With society moving to greater energy efficiency and less waste, more and more power companies are instituting smart grid policies. In these systems, people are not only billed according to the cost of production with time accounted for but are also given information on exactly how they use power and tips on minimizing the cost. Trials so far have been a major success, with dual benefits of saving an average of 8-10% costs and easing the transition to green power.
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