Why do your electricity bills go up not down?

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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

Why do yourelectricity bills go up

not down?

Joseph Spear, Part-Time ResearcherNBS Doctoral Colloquium 2014

@tudaar @NorwichBSchool #EnergyServices

“BIG SIX”

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)

Can a solution come from those we

blame?

@tudaar #BigSix

(Ofgem, 2014)

22%£278

7%£89

13%£164

7%£89

5%£63

46% £581

percentage x £1,264 = £ amount rounded

@tudaar #Ofgem #Switching

OCT

31FRIDAY

18TUESDAY

NOV

5FRIDAY

DEC

Cooling OffPeriod

Could newtechnology help bring down bills?

@tudaar #SmartMeters #IoT #ConnectedHomes #SmartGrid

What is a KWh anyway?

Just imagine…Light, Heat and Power from

differentsuppliers

@tudaar #EnergyServices #LightHeatPower

Light

Edison, 1880

Heat

Sant, 1980 Lovins,1989

Power

Fox-Penner, 2009

#EnergyServicesneeds research but

holds great potential

@tudaar @NorwichBSchool #EnergyServices

@tudaar @NorwichBSchool #IOT #IOE #M2M

@tudaar @UCS_NEWS @NorwichBSchool #EnergyServices

Joseph Spear, Part-Time ResearcherNBS Doctoral Colloquium 2014

@tudaar @UCS_NEWS @NorwichBSchool #EnergyServices

Joseph Spear, Part-Time ResearcherNBS Doctoral Colloquium 2014

Happy to take questions

slideshare.net/tudaar