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Various studies have shown a 6%-20%
reduction in residential electricity usage when homeowners are provided
with real-time information regarding their consumption. This is a
significant savings and an effective means of curbing unnecessary
expansion of the energy grid.
The following table summarizes the potential cost savings on a using a
per home basis in each of the regions of Canada highlighting the 10-20%
study range.

Rising energy costs, environmental concerns
and living in the wake of the wide scale blackout in the summer of 2003,
energy conservation is again at the forefront of peoples’ attention.
Both the government and the media are driving consumers to make energy
conservation a daily goal, but the lack of understanding and
instantaneous usage information has people handcuffed in this pursuit.
This hunger for conservation and the rising energy costs have driven
governments to pursue supplying tools to the end consumer to allow them
to make better decisions.
Energy is a universal commodity – everyone uses and needs it – but most
consumers do not pay it much attention, except when their bills
increase. Energy usage and costs is a complex product of energy prices,
weather, equipment efficiency, system operations and individual
behaviour. As such, energy consumption seems difficult to manage. While
other household or business expenses receive a good deal of attention,
with market forces driving efficiency and cost reduction, energy bills
tend to just get paid without detailed analysis. In any event, customers
receive their bills long after the energy is consumed, when alternative
courses of action could have been pursued had there been usage
information readily available.
PowerWatch is a real-time energy-monitoring device, which aims to
educate home and business owners and empowers them to make conscious
decisions regarding their individual electricity usage patterns.
PowerWatch enables consumers to reduce the amount of energy consumption,
enabling them to save energy, money and the environment.
Rather than having to wait for a monthly energy bill to find out whether
a consumer/business has already made costly consumption decisions,
PowerWatch arms them with the information they need to make intelligent
decisions when they can make a difference - right now.
By providing real-time, easy to understand consumption measurements,
users are encouraged to experiment with conservation strategies. How
much would we save if we turned off the light in the kitchen or
retrofitted the factoring lighting? How much would we save if we stopped
the clothes dryer a little sooner or could accurately cost and control
the machinery costs and outputs? How much does it cost us to leave the
computer on all day or the equipment or other items? Until now, there
was no way to find out.
PowerWatch provides an easy to understand real-time display in of
overall energy usage - in dollars and cents. Turn off a light, and
immediately see how much your energy costs are reduced. Shut down that
computer and count the savings. SHUT OFF the baseboard heaters in the
rooms not used, and keep the money in the bank.
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