The software allows consumers to accurately and intelligently monitor the electricity consumption of discrete devices on their premise.

Sensus corporate strategy and business development vice president Matt Zafuto said many utilities offer online portals that allow customers to see their aggregate electricity consumption.

"Our technology allows the customer to see disaggregated data such as the electricity consumed by a water heater in the basement or a toaster oven in the kitchen and know how much each device costs them to operate," Zafuto.

Sensus said utilities deploying the licensed wireless Sensus FlexNet advanced metering infrastructure system will be able to use the Navetas software as an optional service that provides residential and commercial customers with an online portal or mobile app showing precise electricity consumption data from various appliances.

The system gives consumers access to detailed information about daily usage patterns and the cost associated with each device, allowing them to manage consumption and save money.