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Steven Travers, the executive manager of IoT Cluster for Mining and Energy Resources, says there are pros and cons to smart grid capabilities such as this. Thats the other part of this equation how much data are we happy to new doctor home loan Oak Laurel give, he says. This essentially gives the power company access to your house, but the trade-off is youre not getting the power switched off. Travers, whose organisation receives funding from the South Australian government, notes that IoT technologies could have also have circumvented the human error involved in the Adelaide power cut by integrating with machine learning software that would react to weather data updated at 15-minute intervals. These are all off-the-shelf things that are ready to go, he says. He says rather than power companies waiting for a number of customers to call them to notify of a problem in an area and sending a car out to investigate, they could simply have sensor technology installed that would automatically flag any issues even for problems that havent happened yet. The interesting thing with transformers is they are so solid it could take three to four years for a fault to actually cause a problem, but a sensor could alert you of it immediately, he says. Budde says this is all possible with long-established technology that he was promoting over a decade ago as the head of the now-shuttered SmartGrid Australia advocacy group, which he closed down in part due to changing political winds. His group successfully lobbied the former Labor federal government to undertake the $100m Smart Grid, Smart City study, which concluded in 2013 that there could be a net economic benefit from smart grid technologies of up to $28bn over 20 years, but the specific recommendations of which have not, to date, been formally committed to by the Coalition federal government. What Budde says is required is regulation to ensure that everything in the system is interoperable from power lines to the home air conditioners and to ensure there is incentive for South Australias privatised energy network providers to actually try to become more energy efficient.