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Home energy management (HEM) is a broad market of technologies and services with the primary purpose of providing information for homeowners to better manage and control their home energy consumption and production. Energy management has become an essential part of the digitization of the home, particularly for those who have invested in smart homes, acquired distributed energy resources (DER), or participated in power generation programs such as virtual power plants (VPP).
The information on energy use and production can come from monitors installed within the residence or be derived from smart meter reads. When the local utility works with an HEM vendor to analyze the usage information to prepare home energy reports, the utility is also able to obtain information that enables customer engagement (CE) programs to create highly customized programs. Such programs dramatically improve customer satisfaction scores, lower costs, and provide the data needed for demand side management (DSM) programs that assist in the transition to more renewable energy.
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PLMA Members receive a 10% discount on this report. If you are interested in purchasing and are a PLMA member, contact Brett Feldman at [email protected].