Why do your electricity bills go up not down?

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Why do your electricity bills go up not down? Joseph Spear, Part-Time Researcher NBS Doctoral Colloquium 2014 @tudaar @NorwichBSchool #EnergyServices

description

Presentation delivered by Joseph Spear at UEA Norwich Business School Doctoral Colloquium, Norwich 31 October 2014. Deck contains all 18 slides. keywords: competition, electricity, energy, management, research, retail, university

Transcript of Why do your electricity bills go up not down?

Page 1: Why do your electricity bills go up not down?

Why do yourelectricity bills go up

not down?

Joseph Spear, Part-Time ResearcherNBS Doctoral Colloquium 2014

@tudaar @NorwichBSchool #EnergyServices

Page 2: Why do your electricity bills go up not down?

“BIG SIX”

Page 3: Why do your electricity bills go up not down?

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)

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Can a solution come from those we

blame?

@tudaar #BigSix

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(Ofgem, 2014)

22%£278

7%£89

13%£164

7%£89

5%£63

46% £581

percentage x £1,264 = £ amount rounded

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@tudaar #Ofgem #Switching

OCT

31FRIDAY

18TUESDAY

NOV

5FRIDAY

DEC

Cooling OffPeriod

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Could newtechnology help bring down bills?

@tudaar #SmartMeters #IoT #ConnectedHomes #SmartGrid

Page 9: Why do your electricity bills go up not down?
Page 10: Why do your electricity bills go up not down?

What is a KWh anyway?

Page 11: Why do your electricity bills go up not down?

Just imagine…Light, Heat and Power from

differentsuppliers

@tudaar #EnergyServices #LightHeatPower

Page 12: Why do your electricity bills go up not down?

Light

Edison, 1880

Page 13: Why do your electricity bills go up not down?

Heat

Sant, 1980 Lovins,1989

Page 14: Why do your electricity bills go up not down?

Power

Fox-Penner, 2009

Page 15: Why do your electricity bills go up not down?

#EnergyServicesneeds research but

holds great potential

@tudaar @NorwichBSchool #EnergyServices

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@tudaar @NorwichBSchool #IOT #IOE #M2M

Page 17: Why do your electricity bills go up not down?

@tudaar @UCS_NEWS @NorwichBSchool #EnergyServices

Joseph Spear, Part-Time ResearcherNBS Doctoral Colloquium 2014

Page 18: Why do your electricity bills go up not down?

@tudaar @UCS_NEWS @NorwichBSchool #EnergyServices

Joseph Spear, Part-Time ResearcherNBS Doctoral Colloquium 2014

Happy to take questions

slideshare.net/tudaar