How do they work? The setup is fairly simple actually. The energy monitor is attached to the electric main in your house. Once attached, the energy use monitor can get to work. If your house already has a smart meter installed, energy monitoring software can be installed on phones and tablets to allow the consumer to read the information the smart meter collects.
A similar technology that energy companies use to record electricity use is smart meters. Instead of reading an analog meter once a month, energy companies install smart meters to read and send the electricity use on a monthly basis. This gets rid of the need for manual readings or estimated billing. The smart meter provides real time data that is useful for both balancing electric loads and reducing power outages. Smart meters also allow for dynamic pricing which lowers or raises the cost of electricity based on the current demand. Smart meters are more detailed and allow for more accurate readings of electricity use.