NYSEG plans to install 'smart' meters in area homes, firms

BUFFALO, NEW YORK - NYSEG is planning to install "smart" meters at its customers' homes and businesses beginning next year that could be read remotely, saving the company an estimated $88 million over the next 20 years.

NYSEG said the program to upgrade its 1.1 million meters would use two-way communications, possibly by radio or a broadband connection over power lines, to read the meters.

National Grid upgraded most of its meters in the Buffalo Niagara region several years ago.

The upgraded meters also could be a tool to help consumers conserve energy if customers used time-based rates that charge higher prices when the demand for electricity is highest and lower prices when demand is low, such as during the early morning hours.

NYSEG, in a filing with the state Public Service Commission, has proposed paying for the $243 million meter upgrade program through a surcharge on customer bills.