The number of UK energy suppliers offering complete energy systems that turn domestic properties into effective virtual power plants.
OVO’s offering is similar to the tariff offered by Tesla in the UK in October. OVO said that it is also hoping to introduce a home battery trial in the UK which will increase competition in home battery tariffs.
Other energy suppliers are likely to follow suit and competition is set to heat up as a result. The push towards cleaner energy is providing opportunities for energy suppliers and as a result innovation in the area is set to increase.
Ovo is the U.K.’s second-biggest energy supplier after Centrica Plc and is also a supplier in France, Spain and Australia.
Also read: Tesla to launch new energy tariffs
Meanwhile, Social Energy has launched in Australia with the aim of reducing energy bills for its customers that use its solar and battery system.
The 100% green energy package has seen the company sign an exclusive deal with Duracell for its home solar battery system.
According to Social Energy, customers in Australia could save over $2,000 on their energy bills in the first year of using their tariff.
The company is also using its own artificial intelligence platform and virtual power plant technology in order to provide the best deals for its customers. Such technology is becoming increasingly important for energy suppliers as they provide another potential source of revenue from maintaining and balancing the electricity grids of host countries.
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Through our energy market consultancy services, and the software we’ve developed, we’re supporting new UK electricity and gas suppliers get set up and start supplying.
For more information on how to start and manage an energy company, get in touch with Dyball Associates today.