Emerging Business Models: Why We Need Smart Tariffs

premium account

Recording of Thursday, June 20, 2024 | The smarter E Europe Exhibition Program 2024 | Exhibition Program | Language: English | Duration: 14:31 .

Octopus Energy Showcases Smart Tariffs to Drive Electrification and Flexible Consumption for Effective Energy Transition

The discussion focuses on the importance of smart tariffs in managing energy consumption and production amid the ongoing energy transition. Central to this transition is electrification, where devices like heat pumps, electric vehicles (EVs), and photovoltaic systems (PVs) alter household energy usage patterns significantly. The traditional load profile—where most energy is consumed post-work hours—will evolve due to these changes. Smart tariffs help manage new loads on the system by balancing flexible consumption with renewable production such as solar and wind power. Octopus Energy has developed several innovative solutions: 1. Fan Club: This initiative involves local wind turbines offering reduced rates when operational, encouraging users to shift their consumption during high wind periods. 2. Saving Sessions: Primarily active in Great Britain, customers are incentivized to reduce usage during peak times or low renewable output periods through financial rewards. 3. Octopus Heat: A special tariff for heat pumps that shifts around 45% of their operation to off-peak times without sacrificing efficiency. These methods aim not only at reducing costs but also at increasing acceptance of local renewable installations and avoiding inefficient fossil fuel use for balancing electricity demand peaks.

Automated summarization by AI Conver

Talk of session: Unleash the Future of Energy - Innovation and Digital Technologies Facilitating New Business Models for Utilities

By embracing digital transformation and innovative business models, utilities elevate to becoming indispensable energy partners, driving growth, and shaping the future of energy. This session will provide you with insights into how technology and digitalization is changing the game for utility companies. Discover how new products and business models help utilities grow, and transition from service providers to trusted advisors. Explore the future of interconnected, customer-empowered, and sustainable utilities!

Further Talks of this session:

Welcome & Introduction

To Talk

The Power of Cooperation: Shaping The Energy Transition Together!

To Talk

Balancing as a Business Model - From VPP to Aggregators Role

To Talk

Partnership for the Win - Mastering Next Level Smart Charging Tariffs

To Talk

Wrap up - Innovation and Digital Technologies facilitating New Business Models for Utilities

To Talk

Further Content
Webinar Collection
The Future of Energy Storage and Bidirectional Charging

March 27, 2025

free account

A strategic executive discussion on how smart batteries, bidirectional charging, and energy storage will become the backbone of the smart grid.

Tom Essex, Co-Founder of Kigyo Solutions
Navigating the Unique Recruitment Market in Germany and Europe for Solar, Wind and Battery Projects

The smarter E Podcast Episode 209 | Language: English

March 20, 2025

Tom Essex, Co-Founder and Managing Partner of Kigyo Solutions, explains that the energy transition could require over 1 million new jobs by 2030.

Webinar Collection
Harnessing Mexico’s Solar Potential: Opportunities in Hybrid and Concentrating Solar Technologies

March 13, 2025

free account

Discover Mexico’s opportunities for PVT and concentrating solar technologies in key industries. Gain insights on market potential, regulations, and business opportunities to expand your reach. Prepare for Intersolar Mexico 2025—don’t miss out!

Publications
A Comprehensive Review of Solar Data in the EU

Issue 16 | March 6, 2025

A comprehensive study of solar energy data in the EU.

Tilmann Vahle,​​​​​ Director of Sustainable Automotive and Batteries from Systemiq
From Concept to Blueprint: Battery Passports As Enablers of Transparent, Competitive, and Circular Value Chains

The smarter E Podcast Episode 208 | Language: English

March 13, 2025

We examine the digital battery passport, its aim, how it works, who is involved and the role of Tilman Vahle and Systemiq in this project.

You are using an outdated browser

The website cannot be viewed in this browser. Please open the website in an up-to-date browser such as Edge, Chrome, Firefox, or Safari.