UK consumers could save around £11 billion if “smart” solutions are implemented in the UK electricity network.
A new report commissioned by the Energy Networks Association (ENA) on behalf of DECC and Ofgem suggests a smarter network is vital for an affordable, secure and sustainable low carbon future.
The report looks at the implications of low carbon policy and ENA claims the model in the report is expected to help network operators effectively plan the most cost-effective solutions for technologies such as electric vehicles, heat pumps and solar. This is expected to help evaluate the best and cheapest network solutions to minimise the increased cost of wires and pylons to homes and businesses.
Sandy Sheard, Head of Future Electricity Networks at DECC said: “This exciting new work draws together expertise and leadership from industry, Government and the regulator and marks a crucial milestone in realising a smarter network that delivers value for money for consumers. The analysis will reduce investor uncertainty and help ensure that networks cost-efficiently integrate the new low carbon technologies that are needed to meet our security and low carbon objectives.”