At our homes, we generally have no idea how much electricity, gas or water we are consuming – until we receive a bill in a month or a quarter.
IoT technologies will provide us with in home, real time “speedometers” so that we will know what utility services we are consuming – and will likely make adjustments to our usage patterns once we can see our usage, in near real time.
Source: Smart meter guru to head up “internet of things” expansion : Renew Economy
