Information obtained can be used for a variety of purposes including surveys and statistical analysis, time of use billing and for the prediction of load changes. All data is secured by password-protection access. The system can be adapted and used by electric, water and gas utilities for monitoring purposes. Individual houses or groups can be assessed for the identification of peak demands and accurate consumption readings. Individual users have the ability to view their overall household s energy consumption on their own television screen, and to review cost savings and utility information.
Customers can also review their billing system to ascertain their current payment status.
Utilities that purchase the system expect a payback in less than five years. Nexsys completed a program of Environmental Stress Testing of the remote meter enclosure. The Nexsys system is currently involved in the first stage of a pilot project in the City of Waterloo. An initial 50 units were installed in homes to monitor smoke detectors, water and electric meters. A total of 1000 units are included in the complete project, some of these units will include the use of in-house displays for system information display and viewing.