Smart meters are part of the initiative to install a smart grid to better power the United States in the coming year, helping incorporate renewable energy technologies into the grid while also making the existing grid more efficient.
About Smart GridSmart Grid initiative. The purpose of Smart Grid “to support the modernization of the nation’s electricity transmission and distribution system to maintain a reliable and secure electricity infrastructure, outlined in Title XIII of the Energy Independence and Security Act of 2007 (PDF 821 KB).”
More in-depth information can be found at SmartGrid.gov. It is believed that the implementation of a new Smart Grid "will make our grid more secure and more reliable, saving us some of the $150 billion we lose each year during power outages. It will allow us to more effectively transport renewable energy generated in remote places to large population centers, so that a wind farm in rural South Dakota can power homes in Chicago. And by facilitating the creation of a clean energy economy, building this 21st-century energy infrastructure will help us lay a foundation for lasting growth and prosperity." About SmartGrid