The EIC (Energy Innovation Centre), set up by the UK energy regulator OFGEM, was charged with stimulating collaboration across the Energy Industry. The UK’s 9 energy networks, however, lacked an optimal innovation model, leading to duplication, inefficiency and poor outcomes.
The Key Insight
The UK energy landscape is dynamic and technically innovative, but also highly fragmented. Expensive and unfamiliar solutions are accompanied by either too little or too much information, and there is a distinct lack of relevant and trustworthy advice. This leaves the consumer confused and feeling unequipped to navigate this unknown category.
The Energy Loop represents a new business model for the industry that has clear benefits for both sides. For consumers, it drives choice and understanding, transforming how people across the UK access the most efficient energy options for homes, small communities and local generation schemes. At the same time, the networks gain access to unprecedented insight into what makes energy improvement schemes work, get visibility of where demand is being met—and not—and access to real-time data on the impact of energy efficiency policies.