NU #8
16 March 2013
MBAH 10-B / Entrepreneurship
Electric Idea
(New Idea)
By T. N. Gaudi
Current Situation
As of the moment, we usually don't have the means to monitor in real time how much of the public utilities (such as electricity and water utilities) we are consuming and in what areas of the household or even of a business enterprise are using up much of these resources during a period of time.
Problem
The problem with this is that we are not able to control our usage of these resources and so sometimes we end up paying beyond our allocated budgets.
Solution/Innovation/New Idea
A solution to this is a utilities consumption monitor that measures in real time how much is the total consumption and even reports in detail the consumption per power outlet, per equipment, or per area given a specific period of time.
Benefits
With this device, we will have better control of our budgets by being able to determine the running consumption and even the patterns of our usage. This will allow us to make adjustments and will give us more control over our budgets. Another benefit that can be offered by this device is that it will allow us to see problem areas within the household or business establishment and will prevent us from paying unnecessary fees later on. 3
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