Planned energy changes to save consumers billions in the futureJuly 25th, 2017
According to the Government and regulator Ofgem, planned energy changes in the UK could result in saving consumers up to £40bn by 2050.
Increasing the use of smart meters and introduction of Apps to control energy use for your mobile phone are listed among the plans to drive UK energy costs down. Along with new rules to make it easier for people to generate power with solar panels, store it in batteries and sell to back to the National Grid.
More savings could also be managed by reducing, or increasing, customers energy use at certain times, with particular emphasis on businesses being helped to balance the demand on the electricity network.
Energy Secretary, Greg Clark, recently spoke on the subject pointing out that as well as cutting costs, upgrading Britain’s energy system would create jobs and ensure infrastructure is able to cope with demands, as well ultimately providing reliable, affordable and clean energy.
Rolling out Smart Meters enables Suppliers to offer lower tariffs and make it easier for firms to develop smart appliances and gadgets. In turn this will help consumers use energy when it is cheapest or get rewarded for returning it to the grid when it is needed
Industry changes are vital if the UK wants to open the door for new technologies and services and so that they can reduce bills for consumers in the long term.