Raising Awareness of UK Regional Half-hourly Electricity Prices for Non-domestic Consumers
About The Project
This is an Imperial College London research project that aims to inform UK non-domestic consumers about the dynamics of their tariffs which are subject to their location in the network.
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Introduction and Aims
The UK electricity sector and its non-domestic consumers are facing a complex and changing environment with rising electricity costs and a complex billing structure. However, there is a great opportunity to apply data services to raise energy awareness among non-domestic consumers. The UK government has recognised digital energy services will be pivotal to hit ambitious net zero targets.
Motivated by this challenging situation, this research project aims to inform non-domestic consumers about regional half-hourly electricity costs with the purpose to understand the value such information can bring towards smarter energy practices.
There are 3 research questions that we want to answer and that guide our project:
- From the prospective policy changes, how the components of the UK electricity bills are expected to change in the upcoming years?
- What are the electricity costs consequences if non-domestic consumers decide to “do nothing” to change their electricity use pattern and electricity bill management? Can they afford these financial risks?
- Considering SME consumers, how can a website with integrated API help to raise their energy awareness and drive smart energy management actions?