Time of Savings makes it possible for the Nest Thermostat to learn the price of energy for customers on Time of Use (TOU) rate plans so it can automatically adjust itself to help customers use less electricity when energy prices are most expensive. 

Nest Labs Inc. announced sweeping refreshes and redesigns across the company’s entire product portfolio with the introduction of Nest Cam, the second-generation Nest Protect, new features for the Nest Learning Thermostat, and a brand new app.

Commonwealth Edison Co. (ComEd) announced it is partnering with Nest® Labs and Xfinity to offer incentives of up to $40 to the first 10,000 ComEd customers who enroll in Nest’s Rush Hour Rewards™ or Xfinity Home’s Summer Energy Management program.

Nest share results from three energy-savings studies that indicated, on average, the Nest Learning Thermostat saved customers about 10-12 percent on their heating bills and 15 percent on their cooling bills.