The Smart Meter
Unlike the old watt hour meters that only added up electrical usage, the smart meter has the ability to record real time electrical usage of not only for the whole home, but specific amounts of electrical usage of individual electric appliances and equipment that have the smart technology.
The Smart Grid
The smart meters are connected to the smart grid through the electrical utility company service. The utility company has the ability to read the smart meter information which is then available to you by visiting your local utility provider's website.
The Smart Technology at Work
In the event of an overloaded condition on the electrical grid, the utility company has the ability to reduce the electrical consumption on the grid by remotely turning off predefined equipment automatically, thereby reducing the possibility of a brownout, or power failure.