“Power to the People” and would you like £500?

“Power to the People” and would you like £500?

Would you like to see £500 back in your bank account?

I would normally expect this offer to be followed by a well-rehearsed sales pitch, outlining the various pros and cons., except this time, the offer came to me in February and it was so low-key, that I didn’t act upon it until yesterday (April). That delay probably cost me about £100.

So what’s the deal?

Well, it’s your home energy bill.

When was the last time you changed your home energy tariffs? Was it six months, a year or two, or maybe you’ve never changed it?

I changed mine last night and will be paying £45 per month less than I have been. Over the next 12 months, all thing being equal, that will save me £540. That could be £1000 of your salary before tax (depending on your tax rate of course).

Still, it makes you think, what would you do with an extra £540?

Ergoe Energy is seeking crowdfunding to help develop an App that will switch domestic energy tariffs to the cheapest available tariff, on a month by month basis. Looking to the future, the roll out of Smart Meters may enable tariffs to be switch by the hour, with all the micro-transactions taking place within the Ergoe Energy platform.

If you would like to help make this a reality, visit the SEEDRS investment site today, make an investment in Ergoe Energy, and in return, you will get some equity and a stake in the future of the domestic energy ecosystem.


I wonder if £540 would be enough to buy Citizen Smith/Robert Lindsay’s T-shirt, “Power to the People”?


The Customer Paradox – with great power comes more (or less) responsibility?

I recently came across a report from the Smart Grid Australia (SGA) board looking at the five energy grid or market disrupters that should be addressed by the energy industry. It’s a good read I have included a hyperlink below. The five disrupters they identified were: Ecosystem of the Grid, Distributed Generation and Storage, Future of Transportation, Renewable Economics and Cost to Value.

In this blog I would like to discuss their findings surrounding one of these, the Ecosystem of the Grid. In the UK, we are now confronted daily with a barrage of energy switching options that still seem to be ineffective in getting the bulk of our population to review their energy tariffs and suppliers. The SGA found that whilst the customer is at the centre of the ecosystem, only 30% understand it. The balance wants a reliable service with minimal cost and effort. IBM reported a similar profile in their Global Utility Consumer Surveys (2007 – 2011), identifying only 40% of energy consumers had an active interest in engaging with their energy choices.

The SGA noted a paradox in customer engagement, customers want to be more in control, but they do not necessarily want to put in any additional effort.

Ergoe Energy has recognised that the imminent digital revolution in the energy ecosystem, made possible by the roll-out of Smart Meters, will give consumers the ability to transform their energy economics, but that empowerment alone is likely to be unsuccessful in making real change unless engagement is improved. For that reason Ergoe is developing new solutions to create a highly interactive platform that will address the customer paradox listed above.

The Ergoe Energy App user can choose to ‘set and forget’ their tariffs for buying and selling energy, or they can elect to actively participate in the process.

Domestic power generation and improvements in power storage will enable domestic users to buy and sell electrical energy at the best available tariff and time to do so. Ergoe sees that the thousands of micro-transactions required will underpin a simple interface that enables energy users to switch tariffs and suppliers with far greater frequency, and to do so without the perceived hassle factors that have impeded greater progress to date.

Understanding the Smart Energy Consumer (2013)
Building our Energy Future – The Five Disrupters (SGA Feb, 2015/6)

Don’t put all your ergs into one basket!

Is anyone else concerned that the Hinkley Point debate illustrates how far behind the UK has fallen in terms of managing our own energy generation? Will we soon outsource the maintenance of our armed forces or the NHS to international suppliers?

I’m all for assured access to carbon free power, but it seems short-sited not to seriously consider alternatives to nuclear power when the stakes are so huge.

Can you appreciate the massive impact that £18 billion would have if invested in Renewable Energy and Distributed Energy? It would completely revolutionise our energy ecosystem.

Distributed Energy (sometimes called DEG for Distributed Energy Generation or OSG – On-site Generation) and Renewable Energy offer some very attractive benefits based on current and available technologies. Unlike centralised conventional power plants, Distributed Energy offers modular, decentralised and technologically innovative generation capacity. Advances in storage technology and efficiency will be more easily applied to Distributed Energy systems than upgrades to a conventional power plant and at a fraction of the cost.

Thomas Watson, CEO of IBM is quoted as saying, “I think there is a world market for maybe five computers.” Later generations will judge us for how we create energy. Did we evolve and decentralise our energy generation, so that every home has a power-plant, like every home has a computer? Or did we stick with massive conventional power-plants and put all of our ergs into one basket?

– Simon Mehlman