Home Energy Management System (HEMS) ICT Market Study - Market Forecast Supplemental Report
||DNV GL Home Energy Management System (HEMS) ICT Market Study - Market Forecast Supplemental Report, ETI, 2014. https://doi.org/10.5286/UKERC.EDC.000552. Cite this using DataCite
||ETI-SS1403: Smart Systems and Heat (SSH) Programme - Home Energy Management System (HEMS)
||No associated datasets
||The ETI commissioned the HEMS & ICT Market project to undertake an in depth study and assessment of HEMS along with data, processes and controls and potential additional services enabled via a linked ICT system. The project delivers key insights and findings in terms of potential future offerings and capabilities of these products along with market assessment information. The aim of the project was to characterise the existing market for HEMS and ICT systems and to quantify the market/commercial opportunities for future HEMS and ICT propositions for both consumer and business.
Our main report identified an opportunity for the ETI to lead the Advanced ESCo scenario through 3 key business propositions
A HEMS Market Forecast Modelling Tool was created. This spreadsheet model is available separately. The modelling tool is intended to allow the ETI to test a variety of scenarios and assumptions that determine the market for different propositions.
- ESCOs ‘right-size’ heating solutions then provide supply contracts with price guarantees
- HEMS enable optimised ToU tariffs and DR benefits via localstorage
- Hybrid heat pump driving arbitrage opportunities in the home
This document is presentation on the model, which is not intended as a final answer but rather provides a flexible forecast tool to inform a forward view of households that could potentially take up any of the 3 Advanced ESCo HEMS propositions set out in the main report.
The report was initially published in November 2014. Some details and analysis may be out of date with current thinking.