Results from a smart metering pilot in Washington, D.C., show that residential consumers in the nation’s capital consistently respond to variable electricity prices, according to a new report. The PowerCentsDC™ pilot tested behavior of Pepco customers who were offered different rate designs facilitated by “smart” meters and found that, participants saved money and reduced their summer peak electricity demands when given a price signal.

Similar advanced meters and related “smart grid” technologies will be installed throughout Pepco’s District of Columbia service territory before the end of 2011, opening the way for all District customers to better manage their energy bills.

The award-winning PowerCentsDC pilot sponsored by the non-profit Smart Meter Pilot Program, Inc. (SMPPI) has received national attention for its innovative approach to testing so-called “dynamic pricing” and the diverse group of stakeholders overseeing the pilot. SMPPI is comprised of Pepco, the D.C. Office of the People’s Counsel (OPC), the D.C. Consumer Utility Board (CUB), the International Brotherhood of Electrical Workers (IBEW) Local 1900 and the D.C. Public Service Commission (PSC).

“PowerCentsDC proves that the Smart Grid can deliver solid benefits to all consumers, regardless of income level,” said Dr. George W. Arnold, who is the Obama Administration’s National Coordinator for Smart Grid Interoperability, in a statement. “The results of this pilot are helping our national efforts on the Smart Grid to learn from best practices.”

The PowerCentsDC Final Report can be downloaded from the Internet via: www.dcpsc.org