Driving changeInnovate UK expects that consumers will play a key role in driving change. Paul Sheffield, Chief Operating Officer at Haven Power, believes this is just as true for the business market. He said: “Advances in technology will mean that even more companies start generating their own electricity – reducing their carbon footprint and selling power back to the Grid. In addition, more efficient and cheaper battery storage technology will enable greater numbers of businesses to reduce their peak time energy usage by drawing on their stored electricity. “Having a battery will also allow organisations to benefit from initiatives such as Demand Side Response – when customers are incentivised financially to lower or shift their electricity use at peak times to help manage the strain on the grid. Even more eye-catching changes are on the way too, with the development of electric vehicles as battery storage, and the introduction of blockchain trading.” However, these may not be the only changes.
Energy as a serviceThe ‘energy as a service’ model has the potential to completely flip how businesses and consumers work with their suppliers. Rather than buying energy as a commodity – gas and electricity in pipes and wires – it will be bought as a service. Paul continued: “This will mean that choosing the right power company is no longer simply a matter of finding a supplier that offers value for money. Instead, the choice will involve identifying the right energy partner – the one best equipped to help you add value to your entire business.” In this way, working with your supplier could become a more seamless, holistic experience. Find transformative ideas for a new energy future at havenpower.com/change Related Topic- What to do in a power cut
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