I love seeing how utility companies are striving to catch up in a market that is shifting beneath their feet. Much is talked about the 'death spiral' for utilities, I'm sure many won't make it, and few will shed tears (except for the jobs lost). Utilities are such monolithic beasts changing anything can take forever, against a backdrop of such speed of innovation and deployment in solar, energy storage and decentralised energy solutions. Self consumption will become king, and how many utilities can cope with that. Prices will go up for those that continue to access power only from the grid, motivating them to engage in energy efficiency, smart energy use and onsite generation and storage. A vicious circle, or a virtual circle, depending on which side of the utility fence you sit.
British Gas is to offer free electricity for eight hours at weekends to two million customers who have smart meters installed. Customers will be able to choose to use the free power either on Saturday or Sunday, between 9am and 5pm. British Gas said consumers should see savings of about £60 a year. But experts said it will not necessarily be the cheapest deal on the market, and advised people to shop around with other suppliers.