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Practice paper

Market challenges and opportunities for smart home devices and services

Jeremy Yapp
Journal of Building Survey, Appraisal & Valuation, 7 (3), 212-220 (2018)
https://doi.org/10.69554/VBNW9389

Abstract

This paper explores some of the challenges and opportunities for the market for smart home devices and services. As energy data becomes more detailed and easier to access and analyse, disruptive technologies and services are emerging that will improve the energy efficiency and the value of buildings. They will also enable more flexible management of energy supply and use, to shift load to times when power is more plentiful. This is necessary for a decarbonised energy system with less baseload and more intermittent renewable generation. Consumers need good advice to navigate this new market, which will bring about radical changes in the way people use and pay for their energy. New smart technologies will be of most value if they are interoperable and easy to use. While the value of energy saved due to increased efficiency may be small, the value of the flexibility is high.

Keywords: energy; smart home; flexibility; efficiency; decarbonisation

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Author's Biography

Jeremy Yapp manages the Flexible Energy Systems portfolio for BEAMA, the UK trade association for the electrical supply chain. His principal interests are in supporting smart metering, smart technology and energy storage in buildings and electric vehicle infrastructure. Before joining BEAMA Jeremy worked for the UK energy and environment departments and, prior to that, the Australian Parliament.

Citation

Yapp, Jeremy (2018, December 1). Market challenges and opportunities for smart home devices and services. In the Journal of Building Survey, Appraisal & Valuation, Volume 7, Issue 3. https://doi.org/10.69554/VBNW9389.

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cover image, Journal of Building Survey, Appraisal & Valuation
Journal of Building Survey, Appraisal & Valuation
Volume 7 / Issue 3
© Henry Stewart
Publications LLP

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