Smart meters for local buildings

Triacta Power Technologies Inc. is installing its “smart meters” Triacta-192X41.JPGin condos and apartments in two residential buildings in Ottawa. The Almonte-based company says the gauges will help the buildings consume 15% to 30% less electricity. “Our smart meters help Hydro Ottawa to service a previously inaccessible customer group and will [allow the residents] to control their costs,” says Triacta CEO Rob Brennan. The company notes that 85% of apartment and condominium buildings do not have individual electric meters. In these residences, Hydro charges are included in rent or condo fees. Residents do not receive a bill based on their own power consumption and therefore have no financial incentive to conserve.

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