Energy Minister Claire Perry MP visited our Bristol office to meet with Stephen Fitzpatrick and to find out more about our energy technology – enabled by smart meters – and our electric vehicle offering.
At our Rivergate offices, the minister met with Melissa Gander, Managing Director of In Home Technology, and participated in a workshop with our Field Force engineers. Claire Perry was also shown a demonstration of online accounts – including Boost phone app for PAYG customers – and the aggregation tools they use, showing how smart meters save customers money. Finally, OVO product leads demonstrated how, through smart meters, OVO’s intelligent platform VCharge is enabling residential appliances such as electric vehicles, electric heaters and in-home batteries to help balance the grid and reduce energy costs.
BEIS has recognised that OVO Energy is one of just a few companies already using smart meters to offer innovative products, such as rewarding customers for charging their electric vehicles at off-peak times. These offers, made possible thanks to a smart meter, help customers use energy at times when there is less demand on the grid, in turn saving money on their bills.
Smart charging and Vehicle to Grid charging could become a cornerstone of the way we use energy in the UK, with more than 8 million people in Britain considering buying or leasing an electric vehicle in the next 5 years. With this technology, customers will not only be able to choose to use energy at the cheapest times but also make money by selling energy from their vehicle’s battery at times when it is most in demand. This will support the growth of renewable energy generation in the UK.
Stephen Fitzpatrick, CEO and Founder, OVO said: “Getting the smart meter rollout right should be the top priority for the government and the energy sector in the UK right now so it’s encouraging to see the minister here today.
The smart meter rollout is a huge and complicated programme. However, there’s no question it needs to be done as we can’t build the energy system of the future unless we know accurately how much energy people are using and when. OVO is using technology like electric vehicles, smart electric heat and batteries to help lower energy bills for consumers and enable us to use more renewable energy. None of this technology will work without smart metering. We welcome the government’s recent efforts to improve the delivery of smart meters but there is still more work to do.”
To read the press release from the Department for Business, Energy and Industrial Strategy on the visit please click here.