| EPSRC Reference: |
EP/R002258/1 |
| Title: |
Energy Transactions for Non-Traditional Services (EnTraNTS) |
| Principal Investigator: |
Giulietti, Professor M |
| Other Investigators: |
|
| Researcher Co-Investigators: |
|
| Project Partners: |
|
| Department: |
Business and Economics |
| Organisation: |
Loughborough University |
| Scheme: |
Standard Research - NR1 |
| Starts: |
01 July 2017 |
Ends: |
31 March 2018 |
Value (£): |
41,757
|
| EPSRC Research Topic Classifications: |
|
| EPSRC Industrial Sector Classifications: |
|
| Related Grants: |
|
| Panel History: |
| Panel Date | Panel Name | Outcome |
|
01 Mar 2017
|
Energy Systems Catapult Feasibility Studies Call
|
Announced
|
|
|
Summary on Grant Application Form |
: Consumer spending on energy increased by 55% by 2012, compared to a decade earlier (ONS, 2014), despite falling energy use (largely in response to price hikes between 2004 and 2009) increased energy efficiency and warmer winters (ONS, 2014; DECC, 2015c). By 2011, energy expenditure constituted around 16% of total spending for the lowest decile of the income distribution, partway returning to the peaks (20%) of the 1980s (IFS, 2014). Although fuel poverty has dropped to 10.6% (in 2014) since the financial crisis (DECC, 2016), high energy prices continue to affect fuel poor and vulnerable consumers the most, causing financial anxiety and uncomfortable living conditions.
Our research proposal seeks to investigate why flexibility, functionality and fairness in energy supply systems are unattainable in the traditional 'one-size-fits-all' approach adopted by incumbent energy suppliers. We therefore seek to explore how new and emerging business models can provide these services to all consumers and particularly how technological developments in the industry can be harnessed to address the needs of low-income, fuel poor and vulnerable consumers.
Our project will inform key stakeholders and policymakers by helping them to identify the limitations of traditional business models of energy supply and helping to characterise the required features of innovative forms of transaction necessary to support the transition towards a low-carbon, decentralised energy system. Through this project we will build on this foundation by establishing a network of researchers, policymakers, industry and other stakeholders to enhance our understanding of how innovative energy services, community schemes, contractual arrangements and transactions can be used to support the needs of vulnerable energy consumers. Our ultimate goal is to create links between consumer bodies, industrial and political actors in order support a fair and welfare-enhancing transition to a low carbon UK energy system.
|
|
Key Findings |
|
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
|
|
Potential use in non-academic contexts |
|
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
|
|
Impacts |
|
| Description |
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk |
| Summary |
|
| Date Materialised |
|
|
|
|
Sectors submitted by the Researcher |
|
This information can now be found on Gateway to Research (GtR) http://gtr.rcuk.ac.uk
|
| Project URL: |
|
| Further Information: |
|
| Organisation Website: |
http://www.lboro.ac.uk |