The transformative nature of the UK’s smart metering programme is placing pressure on all market participants and attracting public and political attention. However, there is potential to transform the way in which consumers interact with energy companies – a key prize worth winning. Smart metering is seen as a step towards a truly smarter grid, realising benefits in demand forecasting over time. First movers and fast followers are jostling for a differentiated position that places them favourably while balancing the inevitable risks that a large programme entails.
The smart metering landscape is vast and complex, and the scale of change required is enormous. From government bodies through to new industry entities all parties have a role to play in ensuring the smart programme delivers.
Baringa’s smart metering consultancy understands the interplay between these partners, and the challenges they face. We have played a critical role in the UK’s smart metering roll out, having advised DECC, Ofgem, and E:UK. We count several energy suppliers among our clients, ensuring that their obligations are fully understood, and that the programmes set up to dispatch them work successfully. We also support meter manufacturers and technology providers, designing internal strategies for running proof-of-concepts and trialling implementation.
Having devised implementation schedules to meet customer expectations and the commercial demands of the market, and modelled the impact on energy pricing, utilities billing and energy affordability, Baringa’s expertise continues to inform the smart metering market.