Don’t you wish you could easily monitor your electronic devices for their energy usage and so save money? Wouldn’t it be amazing to have someone or something tell you whenever any of your electronic devices exceeded their usage pattern, so you could adjust your power to keep bills low? I wouldn’t mind having that kind of control over my gear.

Enter the all new WeMo Insight Switch which is a WiFi enabled switch that lets you control your electronic devices via your smartphone. It’s a big improvement over its predecessor because it can also send you reports on energy usage, and so protect your wallet from serious harm.

You can create custom rules and schedules, like turning on the heater 5-minutes before you get home, turning off the TV if your kid has exceeded his daily video game limit, etc. It will also notify you if any devices have been accidentally left on and you can turn them off from anywhere, if you want. The free WeMo app is available for both iOS and Android. Pre-Orders for the WeMo Insight Switch are available for $59.99 via Belkin.

Is it just me or does the switch actually looks a bit surprised? “Woah! I’m on the Ferret!”