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Discover EY's energy & resources insights, people & services and how they can help your business unlock the opportunities of an uncertain future.
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Leveraging smart meter capabilities
Smart meters will serve as a core foundational component in empowering customer participation in flexibility. They provide the data and in-home connectivity that is essential for enabling customers to access enhanced energy insights, dynamic pricing, and advanced energy services. With nearly two million smart meters installed in Ireland and plans for a future rollout in Northern Ireland, the technological advancements and data availability will accelerate the introduction of innovative products and services for customers across the island.
Central to this transformation is the introduction of new policy and market frameworks, some of which will facilitate customers in sharing their smart meter data with energy service providers. This access will enable them to take advantage of new products and services and ultimately participate actively in future energy markets.
The active customer
Building on the smart meter foundation, the rise of new connected technologies in the home – such as domestic photovoltaic (PV) systems, electric vehicles (EVs), and heat pumps – emphasises the need for active customer participation in the energy landscape. EU policy is creating market frameworks that will allow active customers to share excess renewable energy with others or as part of an energy community. These customers will also gain access to energy markets to provide flexible responses.
This active participation will be supported by data access and the integration of smart technologies within homes, enabling advanced energy services. Such developments will democratise smart insights, allowing consumers to adjust their energy usage in ways that best suit their lifestyles. Additionally, smart home energy management systems will empower consumers to participate in explicit demand response schemes.