Google PowerMeter is working on an innovative new product, Google PowerMeter, that will track home electricity consumption in near real time, all part of their plan to have a smart grid with smart use of power.

Studies show that access to your household’s personal energy information is likely to save you between 5–15% on your monthly bill, and the potential impact of large numbers of people achieving similar efficiencies is even more exciting. For every six households that save 10% on electricity, for instance, we reduce carbon emissions as much as taking one conventional car off the road