How technology is revolutionising the energy sector

Green technology has been prolific in the news recently with the UK's new industrial strategy demonstrating a step in the right direction towards embracing new technology in the energy space. There are plans in place to majorly change the way electricity is produced, used and stored, as the government becomes more aware of the need for a smarter, more flexible energy system. With UK consumers overpaying a staggering £5.4 billion a year on standard tariffs, it is time that the energy system is redesigned to optimise electricity prices and modernise the grid. As part of their strategy, the government has outlined plans to ensure that all households and businesses are given the option to have a smart meter installed. While these meters give the consumer greater control and a better understanding of their energy usage, the data made available to them only scratches the surface of what is actually possible and what can have a real impact on changing consumer behaviour.