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Projects: Projects for Investigator
Reference Number	NIA_WWU_056
Title	Bridgend Future Modelling Phase 4 – Economic Case For Hybrid Heating
Status	Completed
Energy Categories	Other Cross-Cutting Technologies or Research(Demographics) 10%; Other Cross-Cutting Technologies or Research(Energy Economics) 90%;
Research Types	Applied Research and Development 100%
Science and Technology Fields	SOCIAL SCIENCES (Economics and Econometrics) 100%
UKERC Cross Cutting Characterisation	Sociological economical and environmental impact of energy 100%
Principal Investigator	Project Contact No email address given Wales and West Utilities
Award Type	Network Innovation Allowance
Funding Source	Ofgem
Start Date	01 February 2019
End Date	01 September 2019
Duration	ENA months
Total Grant Value	£41,947
Industrial Sectors	Energy
Region	Wales
Programme	Network Innovation Allowance
Investigators	Principal Investigator	Project Contact , Wales and West Utilities (100.000%)
	Industrial Collaborator	Project Contact , Wales and West Utilities (0.000%)
Web Site	https://smarter.energynetworks.org/projects/NIA_WWU_056
Objectives	If financial modelling makes a robust economic case for Hybrid Heating, as a retrofit; this can be used to highlight the benefits to individual house owners so they have confidence in investing in this technology. Investment could be a critically important component which helps to support the resolution of the UK Energy Trilemma. 1. Energy Costs Reductions - Across the UK there could be a significant reduction in domestic home energy costs. 2. Environmental Benefits - Critically, important reductions in millions of tonnes of carbon pollution. This will enable the UK to start to achieve UK and world environmental carbon reduction targets by 2030 and beyond. 3. Reliability & Sustainability – This solution will complement and continue to provide an ultra-reliable, and sustainable home energy system, which meets domestic customer needs. If this independent and objective financial modelling does not make a robust economic case, then this will provide evidence that smart hybrid heating technology may not be the solution for some or all of existing residential dwellings in the UK Financial Model - Develop a simple and effective Financial Model; to assess whether or not there is an economic case for smart hybrid heating, including retro fit, into various domestic dwellings in Urban and Rural environments. This model will inform the contents of the deliverable of the project which is a report. Summary Report - Produce a brief summary report which defines the key messages and provides a limited number of agreed and relevant Case Studies; and to assess whether or not there is an Economic Case for smart hybrid heating in domestic residential dwellings, including retrofit.Future of Energy (FOE) Stakeholder Engagement – Initial limited Stakeholder Engagement to share and disseminate the key Outcomes from the Project Financial Model - To have developed a simple and effective Financial Model to assess whether or not there is an economic case for smart hybrid heating, including retrofit, into various domestic dwellings in urban and rural environments. This will have the capability to model different heat and hot water demands for numerous different types of domestic dwellings and will use established accounting investment techniques. This model is being created to inform the deliverable of the project which is a report. Summary Report –Produce a brief summary report which defines the key messages and provides a limited number of agreed and relevant case studies and to assess whether or not there is an economic case for smart hybrid heating in domestic residential dwellings, including retrofit.Future of Energy (FOE) Stakeholder Engagement – Hold at least one Stakeholder Engagement Event, designed to share and disseminate the key Outcomes from the Project.
Abstract	.
Publications	(none)
Final Report	(none)
Added to Database	09/11/22