I’m a big believer in the theory that “what gets measured, gets done.” It is a corollary to the management practice of “what gets bonus-ed, gets done.”

As we mentioned last week here, there are already 1.7 million smart meters deployed in Texas, and 6 million will be deployed by 2013. This article from the Financial Post notes that about 76 million smart meters have been installed around the world and that number is expected to more than double by 2013.

What are Smart Meters?

Smart meters pinpoint and record how much and when electricity is used — typically on an hourly basis — and automatically transmit that information to the utility via a two-way communications network. Whereas, conventional electricity meters measure the only total amount of electricity used over a specified billing period.

Picture: Wikipedia