Honeywell and home energy solutions provider EnergyHub have signed an agreement under which Honeywell will integrate EnergyHub's technology into its energy management product portfolio, providing consumers with a set of tools to simplify their management of energy.

The Honeywell Home Energy Manager provides real-time meter reads, energy usage, cost and trending data as well as load measurement, load control, remote access, and real time connection to utility control systems.

These products, combined with existing Honeywell smart grid products, will provide consumers the ability to monitor and manage their utility usage in real time, enabling total control over comfort and cost savings, the company said.

Honeywell Environmental and Combustion Controls president Joseph Puishys said that the smart grid represents a new era in which customers will pay the actual cost of the energy they consume.

"The Honeywell Home Energy Manager will complement our existing product line and improve consumers’ visibility and control over the cost and comfort of the utilities within the home," Joseph said.