Smart grid technology is coming and it will change everything about electricity. Earlier this week an announcement was made in Miami about smart grid deployment. This project is a combined effort of GE, Cisco and Florida Power and Light. The U.S. Department of Energy has a document introducing the technology.
I think the smart grid will revolutionize the electricity market the way the Internet changed communications. We just have to learn the lessons from the development of the Internet to get it right from the start.