There is a shift in power choices being made right now, and it is shaping the future of the modern homeowner’s and renter’s relationship with energy. Today, we no longer have to be passive observers and take whatever energy companies throw at us. Taking back control is not as easy as you might think, but it isn’t impossible either. From dynamic pricing structures that suit your energy usage to AI and automated systems, here are some useful methods.
Integrating with the Power Grid
A movement known as “prosumerism” is slowly giving the power (so to speak) back to consumers when it comes to energy choices. By integrating into energy grids and sharing power with methods such as peer-to-peer, energy consumers are no longer passive users, but active contributors too. From insights into how homeowners view solar in today’s energy market, 68% agree that investing in renewables because of features like this is more worthwhile today.
From Flat Rates to Dynamic Pricing
The traditional way of pricing energy is at risk of becoming obsolete. Whether this is for the best or for the worst is yet to be seen. What we can say is that the old ways of flat unit pricing are not conducive to an energy-efficient and consumer-friendly system anymore. Today, dynamic pricing is being tested in some places, and it could revolutionize how you pay for energy, where you can save money by shifting when you use your appliances to less power-hungry times.
Data is Driving a Shift in Power Choices
Modern systems are handing homeowners more data than they know what to do with. That being said, a UK survey found that 87% believe access to data is important, including official national statistics. Modern entrepreneurs build strong companies on the back of data, but data relevant to the home will also allow you to make better decisions. Smart meters and home energy management systems provide real-time and historical data for decision-making.
AI and Automated Systems
Like everything else these days, AI is also being used to change how energy is used. With in-home energy meters powered by AI and assisted by automated systems, the energy efficiency of a home can be increased significantly. For example, smart thermostats can learn your routines and use the data to predict when you will need more or less heating or cooling. You can also use smart devices to program when specific devices and appliances are used.
Convenience and Sustainability
Most of the shifts in how we use energy are due to costs, and many people are looking to save as much as they can when it comes to utilities like power and gas. However, there is a convenience factor too. Smart systems offer convenience like never before for taking back manual control of your home’s energy usage. For example, you can turn off LED lighting from anywhere, meaning you never have to risk a midnight LEGO brick foot injury ever again!
Summary
Integrating with the power grid is a major reason that people are making a shift in power choices. With access to more data than ever before, you can also take back a lot of control. However, modern smart systems also offer superb convenience as well as cost savings.
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