UK powers up with advancements in smart energy technology.

February 23, 2024


TLDR:

The UK government has announced measures to advance smart energy technology, focusing on smart meters, flexible energy tariffs, and IoT-enabled services. Key elements include support for in-home displays, a review of default energy deals for dynamic pricing, and a £10 million fund for innovative IoT-enabled technologies. Industry stakeholders have praised the initiatives for promoting energy efficiency and flexibility.

Article:

The UK government has unveiled a set of new initiatives to propel smart energy technology and infrastructure in the country. The strategies aim to enhance the adoption of smart meters, flexible energy tariffs, and IoT-enabled services. Some key points from the announcement include:

  • Focus on in-home displays connected to smart meters
  • Review of default energy deals for dynamic pricing
  • Introduction of a £10 million fund for innovative IoT-enabled technologies

The plans also entail increased support for repairing or replacing faulty in-home displays for customers beyond the warranty period, allowing more households to track energy consumption accurately. Furthermore, the government is exploring ways to align standard energy tariffs with low-cost, low-carbon electricity generation periods to incentivize the adoption of smart technology and meters.

Amanda Solloway, Minister for Energy Affordability and Skills, highlighted the importance of these measures in ensuring that households can access savings on energy bills, even on standard basic tariffs. Industry group Energy UK has praised the government’s efforts, noting that the initiatives could empower households to have more control over energy costs while promoting flexible energy usage.

These advancements build on the UK’s current progress in smart infrastructure, with over half of British homes already equipped with smart meters. Estimates suggest that flexible energy deals could save households up to £900 annually. With a strong focus on IoT-driven innovation, the UK’s commitment to smart meters and grids aligns with its long-term clean energy objectives.

Overall, the government’s measures signify a significant push towards energy efficiency, flexibility, and IoT-driven innovation in the UK’s energy sector, garnering support from both policymakers and industry stakeholders.


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