smart meters

I was warned about this from an electrician friend, you will pay more unless you live a nocturnal existance.

"The commission estimated household power bills could be slashed up to $250 a year, partly through smart meters which give real-time information on power use and cost."

The meters would enable power companies to charge much more at times of peak demand, mainly on extremely hot days."

http://au.news.yahoo.com/thewest/a/-/breaking/15326252/pm-to-push-smart-meters/

So this is to be introduced to HELP us..... ok....