UKERC EDC: Publications

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Abstract:

The ETI commissioned the HEMS & ICT Market project to undertake an in depth study and assessment of HEMS along with data, processes and controls and potential additional services enabled via a linked ICT system. The project delivers key insights and findings in terms of potential future offerings and capabilities of these products along with market assessment information. The aim of the project was to characterise the existing market for HEMS and ICT systems and to quantify the market/commercial opportunities for future HEMS and ICT propositions for both consumer and business.

Our main report identified an opportunity for the ETI to lead the Advanced ESCo scenario through 3 key business propositions

ESCOs ‘right-size’ heating solutions then provide supply contracts with price guarantees
HEMS enable optimised ToU tariffs and DR benefits via localstorage
Hybrid heat pump driving arbitrage opportunities in the home

A HEMS Market Forecast Modelling Tool was created. This spreadsheet model is available separately. The modelling tool is intended to allow the ETI to test a variety of scenarios and assumptions that determine the market for different propositions.

This document is presentation on the model, which is not intended as a final answer but rather provides a flexible forecast tool to inform a forward view of households that could potentially take up any of the 3 Advanced ESCo HEMS propositions set out in the main report.

The report was initially published in November 2014. Some details and analysis may be out of date with current thinking.

Publication Year:

2014

Publisher:

ETI

DOI:

https://doi.org/10.5286/UKERC.EDC.000552

Author(s):

DNV GL

Energy Categories

Class Name:

Subclass Name:

Category Name:

Energy Efficiency

Residential and commercial

Other Cross-Cutting Technologies or Research

Other Supporting Data

Language:

English

File Type:

application/pdf

File Size:

399941 B

Rights:

Energy Technologies Institute Open Licence for Materials

Rights Overview:

The Energy Technologies Institute is making this document available to use under the Energy Technologies Institute Open Licence for Materials. Please refer to the Energy Technologies Institute website for the terms and conditions of this licence. The Information is licensed "as is" and the Energy Technologies Institute excludes all representations, warranties, obligations and liabilities in relation to the Information to the maximum extent permitted by law. The Energy Technologies Institute is not liable for any errors or omissions in the Information and shall not be liable for any loss, injury or damage of any kind caused by its use. This exclusion of liability includes, but is not limited to, any direct, indirect, special, incidental, consequential, punitive, or exemplary damages in each case such as loss of revenue, data, anticipated profits, and lost business. The Energy Technologies Institute does not guarantee the continued supply of the Information. Notwithstanding any statement to the contrary contained on the face of this document, the Energy Technologies Institute confirms that it has the right to publish this document.

Further information:

N/A

Region:

United Kingdom

Publication Type:

Technical Report

Subject:

Domestic Energy Use

Theme(s):

Smart Systems and Heat

Related Dataset(s):

Home Energy Management System (HEMS) ICT Market Study - HEMS ICT Market Forecast Tool