Energy-Focused Utility Applications Could Save Customers 8%

Utillity Apps

The market for residential energy applications is in its early stage, but is expected to experience further growth, according to a new report from Navigant Research. To increase energy efficiency in their homes and to save money, residential customers are beginning to turn to energy-focused apps offered by utilities and vendors of energy-related hardware and services. Through new tools, and with data available at their fingertips, customers can monitor their energy use to reduce consumption, while utilities benefit from more efficient grid operations. Active users of utilities’ energy apps have experienced average savings of 6% to 8%.

“Customers are using apps via mobile devices like smartphones and tablets, as well as PCs, for more and more of their daily needs,” says Neil Strother, principal research analyst with Navigant Research. “Energy services companies in the 21st century need to stay in tune with them by providing appropriate apps and developing an adaptable and long-term strategy, helping customers to more efficiently monitor and manage their energy consumption.”

Currently, several utilities offer energy apps for customers, including DTE Energy, Direct Energy, and Infinite Energy, and point to generally positive customer experiences and possible energy savings of approximately 8%. The market for energy apps is still in its early stage, according to the report, but is expected to grow as more utilities and energy service companies become more technologically savvy.

The report, Energy Apps for Residential Customers, examines the residential energy app market, with a focus on three segments: consumer apps, prosumer apps, and utility apps. The study analyzes the drivers, inhibitors, and regional trends related to energy apps and highlights several case studies where these apps are being used today. Some of the key players in the residential energy app market are profiled, and various business models and best practices for designing and deploying winning energy apps are discussed.

Read an executive summary of the report: www.navigantresearch.com/research/energy-apps-for-residential-customers

 

Related Articles


Changing Scene

  • AD and The Commonwealth Group Announce Intent to Merge

    AD and The Commonwealth Group Announce Intent to Merge

    In a move that is expected to positively impact the future of independent PHCP distribution in the United States, AD and The Commonwealth Group (TCG) announce their intent to merge. The AD Board of Directors and the TCG Board of Directors are pleased to jointly announce that after many months of confidential discussions and extensive… Read More…

  • Hammond Power Solutions Provides Update on U.S. Tariff Changes

    Hammond Power Solutions Provides Update on U.S. Tariff Changes

    Hammond Power Solutions Inc. has determined that the recently expanded U.S. tariffs on steel and aluminum derivative products apply to certain materials and components included in many of the Company’s products. The Company expects these tariffs to have a relatively uniform impact across its industry and will work collaboratively with its customers and suppliers to… Read More…


Peers & Profiles