Pricing systems that encourage households to use energy more efficiently are the best way to help avert climate change, according to an official at General Electric (GE).

GE’s vice president of transmission and distribution Bob Gilligan was quoted by Reuters as saying that pricing mechanisms that encourage consumers to change how they use electricity are necessary.

“Investment in a smarter energy infrastructure is important in ensuring a more sustainable future,” Gilligan said.

Britain plans to install smart meters in households by 2020 to create a smart grid, which will enable consumers to adjust electricity use.

GE said it intends to develop household appliances that can adjust their own usage and go into an eco mode to further save money when electric costs are at the peak.