We’re updating our Business & Development Plan (Licence Condition 14) and will again be including a section where we will explain how external market factors influence our priorities and plans.
We have arranged webinars and workshops in the forthcoming weeks to engage further on our Business & Development Plan. Ahead of these events, we would love to get your feedback on the market factors we are proposing to cover. Do they work for you and/or are there any others that you think we should be looking into?’
This should take no more than 2 minutes and will share the anonymised results from this survey in our customer engagement sessions.
If you have further comments, please email us email@example.com
The top-level factors we have identified as most pertinent to our development for the next five years are:
- Growth of the smart ecosystem – increasing volume of smart devices and new applications deployed to the smart meter system.
- Changes and challenges of the energy market – continuing volatility and disruption of the energy market and transition to a flexible energy system. Energy as a service puts customers in the centre and new business models and new entrants gain bigger market share. The number of Electric Vehicles (EVs) on British roads is growing significantly. Consumers are keen to adopt new technologies that allow them to generate and store clean energy with the option of exporting back to the grid.
- New market opportunities – increasing indicators of demand for system reuse in new markets. The Internet of Things (IOT) market will continue to grow significantly over the next five years enabling a multitude of new services that require connectivity.
- Unlocking data value – growing demand for increased data access and openness. Significant digitalisation of legacy infrastructure is required to provide visibility and enable optimisation of the whole energy system. This must be done in a way that ensures data and systems are secure and interoperable.