Optimize Energy Consumption
Smart technology promises optimized energy usage with an unprecedented fine-grained awareness of how energy is actually used in real time. Utilities can influence consumption via time-of-use pricing structures, such as charging premiums during peak hours.
For example, a utility could offer consumers discounts to run their dishwashers in the morning, when the 10,000 homes in the area have yet to turn on their air conditioners, smoothing out the use of energy.
TIBCO's enterprise infrastructure is essential to handle billions of events that smart meters generate and to roll out time-of-use structures, which require smart technologies to be married with billing systems.