Policy Solutions: Price Transparency

The heart of a consumer-centric smart grid is price transparency. This can be achieved by creating intelligent meters connected via the Internet (or other communication devices) that provide consumers and their appliances with electricity pricing information that reflects how prices vary throughout the day.

Suggested reading on price transparency:

• Maximizing Consumer Value Through Dynamic Pricing: A Suggested Approach for Regulators
  This fact sheet intends to provide a broader set of criteria to regulators and electricity providers for evaluating the effectiveness of proposed dynamic pricing structures.

For further reading:

• Real-Time Pricing in Illinois