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Market challenges and opportunities for smart home devices and services
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.
The full article is available to institutions that have subscribed to the journal.
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.
CitationYapp, 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.