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I did something like that when we lived in Houston in 1999-2003. I don't recall the details except that it was a pilot program that installed a device in the breaker panel and used a phone line (or maybe it was my early internet connection) to trigger changes. And they paid me to participate in the program and when it was finished they sent someone to remove the device from the panel box. I think they changed the thermostat temperature by a degree or 2 but mostly left it alone because we already used energy saving settings.

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