Most consumers know little about smart grid technology

According to a recent study by research and consulting firm, Market Strategies International (Livonia, Mich., U.S.A.), as the quantity and availability of smart grid and smart meter news and information continues to increase, customer support is rising, while awareness still remains low.

"The good news is that a large majority of Americans—after we give them basic information about smart grid and smart meters—say it's a priority issue and strongly support the implementation of these technologies by utilities," said Jack Lloyd, vice president in the Energy division at Market Strategies International. "The bad news is that 72% of consumers overall admit they know little about the technologies. Less than a quarter of respondents say they fully understand the concept."

These findings are from the first wave of the 2011 E2 (Energy + Environment) Study. Conducted by Market Strategies twice a year, the national survey is designed to gain an understanding of Americans' attitudes and opinions about energy and energy-related issues.

According to Lloyd, the level of Americans' Smart Grid/Meter awareness hasn't increased noticeably during the past several years, despite the steady flow of information appearing in media and other outlets.

"It's important to note that four of the five consumer segments in the energy market support the idea of utilities working quickly towards implementing Smart Grid/Meter technologies," Lloyd said.

Defined by their consistent set of beliefs and preferences and designated by their energy usage orientation, Lloyd commented that the nearly unanimous support for Smart Grid/Meter coming from most of the market's various segments bodes well for future success of the new technologies.

"These findings point to a clear, high-potential opportunity for electric utilities and providers of related energy products and services. With the right Smart Grid/Meter consumer education and initiatives, companies can provide useful information, significantly enhance their reputation and brand and connect with a large pool of interested, prospective customers," said Lloyd.

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