Incentivising the smart home

The smart home brings many new approaches to energy efficiency, but understanding the impact of control algorithms and anomaly detection on energy efficiency adds a new layer of complexity. While energy programs geared at consumers have been around for decades, utilities have struggled to attain consumer participation in these programmes. Low consumer awareness of these programmes has been a primary challenge for the industry with less than 20% of consumers reporting familiarity with various energy efficiency incentive schemes. Twenty-five percent of broadband households indicate a willingness to participate in energy programs, if offered by their energy provider, according to Parks Associates recent data. Full article HERE.

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