Minneapolis, February 17, 2010 – Honeywell is adding time-of-use utility price schedule programming capability to the Prestige programmable thermostat.
This new “smart” control enables a homeowner to automate energy consumption based on its actual cost, bringing the benefits of a smart grid into their home.
Like long distance telephone calls, electricity prices during specific times of the day are more expensive than others. Based on the homeowner’s programming specifications, the Prestige will automatically adjust the home’s temperature when prices are at their highest.
Honeywell introduced the Prestige in late 2008. The system is full-color, high-definition and wireless-enabled. The system’s interview-based interface walks a homeowner through the set-up process by asking a series of questions such as “what time does the first person wake-up in the morning?” or “what time do you go to sleep at night?” The answers help the thermostat program itself, with no owner’s manual needed.
Prestige is available through an HVAC contractor. When used as directed, Honeywell estimates that homeowner’s can cut annual heating and cooling costs by up to 33 percent – or $200 each year – depending on geographic location.
Honeywell is a global energy efficiency firm, with control technology in more than 150 million homes, 10 million buildings and thousands of industrial plants around the world.
In addition to the company’s home comfort products available through HVAC professionals and retail outlets, Honeywell also works directly with utilities on demand response programs, which help limit energy consumption when the demand for electricity is at its highest.
The company has installed more than 1 million load control devices to date, including the Honeywell UtilityPRO thermostat. This has given utilities combined control of more than 1 gigawatt of peak consumption – equivalent to the generation capacity of a medium- to large-sized power plant.