Massive Savings for Utility Customers

The utility market is moving fast. Three recent developments illustrate the rapid change in the industry: a massive push to promote battery storage in the United Kingdom, public policy changes, and legacy utilities struggling to hold on to customers.

The British Government and energy regulator Ofgem introduce a £246 million investment in battery technology along with 29 actions to make energy regulation more friendly to demand response, storage and renewable energy. At the same time, the Big 6 UK utilities report high customer churn, with SSE leading with 230.000 customers leaving in Q2 2017.

What does this all mean for utilities, energy consumers, and service providers?