Title
EcoFlex for SMEs

CoPED ID
e3bd1ae3-5424-4469-8c02-38e20b81ac1d

Status
Closed


Value
£288,165

Start Date
Sept. 30, 2020

End Date
Dec. 31, 2020

Description

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The Covid-19 pandemic has impacted all businesses in the UK, but SMEs have been hit particularly hard. At the same time, the climate crisis is putting pressure on businesses of all sizes to become more sustainable and reduce their impact on the environment. While these two objectives may seem at odds, we believe there is an opportunity to create a proposition that uses data about carbon intensity to achieve both. Carbon intensity is the amount of CO2 that is released by generating electricity. This varies throughout the day depending on the amount of renewable energy that is being produced and the demand of users on the grid. By shifting usage to times of lower carbon intensity, electricity consumers can reduce their carbon footprint. At the same time, a Time-of-Use tariff will be studied to lower the electricity cost at the times of lower carbon intensity so that SMEs could further reduce costs The project combines data on energy consumption, carbon intensity, with time of use-based pricing and behavioural changes to create a proposition that can result in lower costs and carbon impact for SMEs. Through a combination of technology development and user research, our Phase 1 project will assess the feasibility of developing an innovative time of use proposition for SMEs, which can be tested in a real-world environment in Phase 2\.

Subjects by relevance
  1. Enterprises
  2. Small and medium-sized enterprises
  3. Energy consumption (energy technology)
  4. Carbon dioxide
  5. Carbon
  6. Climate changes
  7. Costs
  8. Greenhouse gases
  9. Decrease (active)
  10. COVID-19
  11. Pandemics
  12. Carbon footprint
  13. Emissions
  14. Energy policy

Extracted key phrases
  1. Low carbon intensity
  2. Carbon impact
  3. Sme
  4. Carbon footprint
  5. EcoFlex
  6. Innovative time
  7. Use proposition
  8. Covid-19 pandemic
  9. Low cost
  10. Electricity cost
  11. Use tariff
  12. Business
  13. Electricity consumer
  14. Renewable energy
  15. Energy consumption

Related Pages

UKRI project entry

UK Project Locations