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The energy problem and why people should care

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Presentation delivered by Joseph Spear at UCS Post Graduate Colloquium, Ipswich 25 June 2014. Deck contains all 18 slides. keywords: competition, electricity, energy, management, research, retail, …

Presentation delivered by Joseph Spear at UCS Post Graduate Colloquium, Ipswich 25 June 2014. Deck contains all 18 slides. keywords: competition, electricity, energy, management, research, retail, university

Published in: Education, Business, Technology
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  • Ofgem (2014) Breakdown of a dual fuel bill. [Online] Available at <https://www.ofgem.gov.uk/chart/breakdown-dual-fuel-bill> [accessed 11 Jun 2014].

    Wholesale costs > Energy suppliers will talk of fluctuations in the World commodity market, such as wholesale price of gas used as primary fuel in gas-fired power generation.
  • Some people will always be first to switch.
    Most people have no real concerns. They have security of supply. Basically most people have better things to do with their time and in their lives than switch energy suppliers.
    The more self reliant consumer can be, the less need that have to contact their energy supplier.
    Therefore, suppliers can focus on fewer contacts and higher customer service.
    Bigger investment needed in self- and auto-metering.
    “The co-delivery of service” where consumers check their own meters rather than have meters read on their behalf.
  • Market entrants include three firms based in Ipswich
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    • 1. The energy problem and why people should care Joseph Spear, Part-Time Researcher Post Graduate Colloquium 2014 @tudaar @UCS_NEWS @NorwichBSchool #EnergyServices
    • 2. “BIG SIX”
    • 3. Why do your electricity bills go up not down? @tudaar @UCS_NEWS @NorwichBSchool #EnergyServices
    • 4. How much have energy bills ended up rising? Supplier 2013 average bill cost 2014 average bill cost Average price increase SOURCE: USWITCH BASED ON 3,200KWH OF ELECTRICITY CONSUMPTION, AND 13,500 KWH OF GAS. DUAL FUEL STANDARD TARIFFS. PAYMENT BY CASH OR CHEQUE ON QUARTERLY BASIS. E.On £1,226 £1,240 1.1% EDF £1,190 £1,237 3.9% SSE £1,211 £1,259 4.0% Scottish Power £1,230 £1,284 4.4% British Gas £1,191 £1,265 6.2% Npower £1,220 £1,299 6.5% Average £1,212 £1,264 4.3% (BBC, 2014)
    • 5. Can a solution come from those we blame? @tudaar #BigSix
    • 6. (Ofgem, 2014) 22% £278 7% £89 13% £164 7% £89 5% £63 46% £581 percentage x £1,264 = £ amount rounded
    • 7. @tudaar #Ofgem #Switching JUNE 25 WEDNESDAY 12 SATURDAY JULY 30 WEDNESDAY JULY Cooling Off Period
    • 8. Could new technology help bring down bills? @tudaar #SmartMeters #IoT #ConnectedHomes #SmartGrid
    • 9. What is a KWh anyway?
    • 10. Just imagine… Light, Heat and Power from different suppliers @tudaar #EnergyServices #LightHeatPower
    • 11. Light Edison, 1880
    • 12. Heat Sant, 1980 Lovins, 1989
    • 13. Power Fox-Penner, 2009
    • 14. #EnergyServices needs research but holds great potential @tudaar @UCS_NEWS @NorwichBSchool #EnergyServices
    • 15. @tudaar @UCS_NEWS @NorwichBSchool #EnergyServices Joseph Spear, Part-Time Researcher Post Graduate Colloquium 2014
    • 16. @tudaar @UCS_NEWS @NorwichBSchool #EnergyServices Joseph Spear, Part-Time Researcher Post Graduate Colloquium 2014 Happy to take questions

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