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Wesabe and WattzOn Unite to Help Consumers Quantify and Reduce Their Personal Energy Consumption

Posted on: Monday, 9 February 2009, 09:17 CST

SAN FRANCISCO and CAMBRIDGE, Mass., Feb. 9 /PRNewswire/ -- Social personal finance website Wesabe and personal energy tracker WattzOn today announced a partnership to help consumers more easily quantify, understand and reduce their personal energy consumption. WattzOn will use Wesabe's technology to facilitate the automatic upload of consumers' utility bills to its site, while Wesabe members will be able to see both the financial and environmental impact of their spending.

Named "Best Idea 2008" by Businessweek, WattzOn.com provides users with an online tool to calculate, compare, understand and budget their personal energy consumption. By partnering with Wesabe, WattzOn will be able to more accurately quantify how much consumers spend on utilities by pulling this data directly from their individual bills.

Wesabe, an online finance manager that lets members view all of their bank and credit card accounts and transactions in one place, will use WattzOn's knowledgebase to show members' purchases in both dollars and watts. Members will also have access to WattzOn's wealth of comparison tools and recommendations.

"People tend to chronically underestimate their energy usage. By incorporating Wesabe's technology to automatically upload utility bills to WattzOn, we eliminate the guesswork and give consumers an exact picture of their home energy usage trends," said Raffi Krikorian, chief product officer and co-founder of WattzOn. "Just as Wesabe helps people better understand and budget their money, our goal is to help people better understand and budget their energy consumption."

"WattzOn will serve as a currency converter for Wesabe members, letting them see their spending not only in dollars, but in actual watts. In addition to providing a dual financial and environmental view of energy usage, WattzOn will also help our members better understand their individual energy consumption and the far-reaching effects of cutting back," said Marc Hedlund, CEO of Wesabe.

Wesabe and WattzOn plan to launch their integrated application at the March O'Reilly ETech conference in San Jose, where Krikorian will be presenting a talk titled "WattzOn: Crowdsourcing a Solution to Climate Change."

About WattzOn

WattzOn (www.wattzon.com) is a free online tool to quantify, track, compare and understand the total amount of energy needed to support all of the facets of your lifestyle with the goal of helping you find ways to reduce your personal power consumption. By giving individuals a tool to clearly visualize how they are "spending" energy, WattzOn hopes that they will take measures to lessen their impact on the world, ultimately spurring widespread energy reduction in our society. Founded by MacArthur Fellow and Makani Power President Saul Griffith and Synthesis Studios CEO Raffi Krikorian, WattzOn was recognized by Businessweek as the "Best Idea 2008."

About Wesabe

Wesabe (www.wesabe.com) provides a free, online money management tool that lets members see all their bank and credit card balances and transactions in one place, as well as ways to get more value for their money. The Wesabe community shares advice and information to help each other make better financial decisions and achieve money-related goals. Named "Best Free Budgeting Web Site" by Kiplinger's Personal Finance, Wesabe supports more than 6,000 financial institutions in more than 30 countries.

***ATTENTION***

For preview screenshots of the Wesabe/WattzOn application, go to http://blog.wesabe.com/screenshots/

SOURCE Wesabe; WattzOn

Source: PR Newswire

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