Households and businesses across the UK have been paid to cut back on electricity on Monday and Tuesday as part of the National Grid ESO's Demand Flexibility Service (DFS).
Although the scheme is believed to have offered much-wanted relief to the strained grid, critics have said that this might be a "sticking plaster" that could not provide a long-term solution to the rising energy needs.
Chris Broadhurst, Chief Commercial Officer at Electron, an EnTech company which provides a marketplace platform for flexible electricity grids told ELN: "It is just scratching the surface of what's possible. If we can move to a more local approach to flexibility, then I think we can really start to drive value to customers, not just when they use it, which is how the scheme is currently working, but where they use it and they will get paid real value for that."
Mr Broadhurst added that a recent study by Energy Systems Catapult showed that if the UK moves to a much more local approach to matching supply and demand and pricing energy locally, it could unlock more than £30 billion by 2035 - this means that every household could benefit from nearly a thousand of pounds.
Click the podcast to listen to the full interview.
Energy brokers’ battle against phishing risks and claims pressure
UK fusion power magnets to be tested in US lab
”The cheapest and cleanest energy is the one that we never consume”
SMEs are more vulnerable to unscrupulous pricing policies
Government’s heat pump scheme had a really disappointing first year
ELN Podcast - Investment in efficiency is what will help keep energy bills flat
ELN Podcast - Is this the UK’s most efficient home?
ELN Podcast - Georgina Worral of Powerful Women
It’s not fair to fight alone against Russia
Are we all living in a pandemic of fuel poverty?
Wooden Flooring Tech Turns Footsteps into Electricity
Energy Assets machine learning technology gives Energy Managers an extra set of eyes
Energy is changing says Louise Kingham as she leaves EI
Brokers vital for net zero pathway
Paving the way for businesses to start their net zero journey
Coping with Corona 4 – Paul Sheffield, Managing Director of Drax customers at Haven Power and Opus Energy
Smart meter rollout's cost/benefit ratio 'was on 'shaky ground even before coronavirus pandemic'
Coping with Corona 3 – Matt Allen, Co-founder and CEO at Pivot Power
Coping with Corona 2 – Ian Funnell, CEO of ABB Power Grids
Create your
podcast in
minutes
It is Free
HauntingLive
Dr. Paul’s Worldviews
Pharmacy Podcast Network
The Ben Shapiro Show
Morning Wire