Savills embrace ‘disruptive innovation’

The UK energy market is undergoing a major transformation, with ‘disruptive innovation’ becoming increasingly apparent. For existing major energy suppliers this evolution threatens their pre-eminence, but for commercial energy consumers it presents a real opportunity to drive down costs, while opening the door for new entrants into the energy services market.

Recognising the growing value of good data in this fast-changing sector, Savills Energy has developed a full Energy Bureau and Brokering service: the service captures and manages a user’s energy data to drive out efficiencies in consumption and cost.

Stuart Campbell, director Savills Energy said: “We are seeing decentralisation of supply, more on-site generation, developments in energy as well as a digital revolution focussing on capturing data allowing additional opportunities to be identified, developed and executed.

“In addition, proactive management – with consumers taking more control – is creating a new breed of informed consumer: the ‘prosumer’.”

According to Campbell, the next logical step in this drive for efficiency and cost saving is the introduction of Energy Savings Companies (ESCO) Energy Saving Agreements, which will offer third party funded energy efficiency/savings upgrades to clients. This is not just for owner occupiers, but also relevant to the landlord/tenant commercial space.

He said: “Such innovation has further to go and will centre around energy storage, aggregating and pooling distributed generation for market sales, peer to peer energy trading and, ‘blockchain’ (securely recording and tracking each kilowatt of power). The speed of change means regulation and government strategy is struggling to keep pace.

“The development of this Energy Saving Agreement is desperately needed particularly with the Minimum Energy Efficiency Standards (MEES) legislation coming into force in less than 12 months.”

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