The City of Los Angeles, California Quality and Productivity Commission honored the Los Angeles Department of Water and Power (LADWP) with a 2002 Productivity Improvement Award for its installation of the SmartMeter System from SmartSynch. Collectively, the 21 award winners in 2002 are generating more than $33 million in efficiencies, cost savings and new revenue development for the city of Los Angeles, with almost half of that coming from LADWP's installation, which is expected to generate $16 million in savings per year.
Combining SmartMeters™, Transaction Management System (TMS) software, an advanced communication network and the Internet, the SmartMeter System manages the real time, two-way delivery of critical usage, power quality and reliability, and pricing information between electricity generators, transmission organizations, utilities, retail energy service providers, and the customer. It is the only system that provides the necessary architecture for real-time energy management solutions, such as real time pricing, voluntary load curtailment and verification.
LADWP is deploying the system to more than 3,400 commercial and industrial customers—which include manufacturing facilities, large retail outlets and office buildings that consume more than 40 percent of the LADWP electricity load—to help reduce electricity demand by up to 240 megawatts. In addition, LADWP expects the new system to reduce electricity bills by 15 percent and free up enough energy to power 240,000 homes.
For more information, visit www.smartsynch.com.