Illinois Senate approves funding for further smart grid development [VIDEO]

Transcript

Illinois' electrical grid is about to get a whole lot smarter. This week the Illinois Senate approved a measure that will help fund the development of the smart grid throughout the state.

The initiative will allow ComEd and Ameren Illinois to continue their expansion of smart grid infrastructure by allowing automatic rate hikes to fund the various projects.

It's important for energy retailers to take note of these developments. The smart grid will change the way demand response programs work, in addition to altering consumer usage patterns. Risk management and demand forecasts must account for the ever-evolving technology that changes the way customers use energy to power their homes and businesses.

Tune in next time for more energy sector news!