Although the scheme is believed to have offered much-wanted relief to the strained grid, critics have said that this might be a “sticking plaster” that could not provide a long-term solution to the rising energy needs.
Chris Broadhurst, Chief Commercial Officer at Electron, an EnTech company which provides a marketplace platform for flexible electricity grids told ELN: “It is just scratching the surface of what’s possible. If we can move to a more local approach to flexibility, then I think we can really start to drive value to customers, not just when they use it, which is how the scheme is currently working.
“But also where they use it. Then they will get paid real value for that.”
Mr Broadhurst added that a recent study by Energy Systems Catapult showed that if the UK moves to a much more local approach to matching supply and demand and pricing energy locally, it could unlock more than £30 billion by 2035 – this means that every household could benefit from nearly a thousand pounds.
Click the podcast to listen to the full interview.