Title
Youtilily | Empowering consumers in a disengaged market

CoPED ID
3a253b65-e3fa-4511-9dc1-609d85564d11

Status
Closed


Value
£125,528

Start Date
April 30, 2017

End Date
Nov. 30, 2017

Description

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Youtility is developing an innovative web-based platform to aggregate consumer utility data into a single and secure platform. During the project Youtility will undertake research and testing of new proprietary engagement technology to empower consumers in a disengaged market, increase competitiveness amongst providers and have a dramatic cost saving impact on users particularly the 4.5m consumers (17% of UK households) affected by fuel poverty. The UK Government estimates that 9.5m households could benefit from potential savings worth £2.9bn p.a. if consumers were on appropriate energy tariffs - this situation is not unique to the energy sector, with cost and consumption savings achievable across other markets (e.g. telecoms, insurance, media etc.). Behavioural efficiencies by consumers in Europe could save £1.8bn and 12 terawatt-hours of energy p.a. Governmental and regulatory pressure to reform the UK domestic utility market, alongside greater access to consumer data (through Smart Meters and the development of service provider APIs), as well as providing time constrained consumers with easy access to information are all conducive to a breakthrough in the way consumers manage household utility consumption and engage with providers.

Youtility Limited LEAD_ORG
Youtility Limited PARTICIPANT_ORG

Will Kostoris PM_PER

Subjects by relevance
  1. Consumers
  2. Consumer behaviour
  3. Households (organisations)
  4. Prices
  5. Consumption
  6. Energy consumption (energy technology)
  7. Saving
  8. Data security
  9. Innovations
  10. Marketing
  11. Internet
  12. Energy efficiency
  13. Consumer habits
  14. Poverty
  15. Media

Extracted key phrases
  1. Consumer utility datum
  2. Consumer datum
  3. UK domestic utility market
  4. Way consumer
  5. Disengaged market
  6. Youtilily |
  7. Household utility consumption
  8. Dramatic cost saving impact
  9. New proprietary engagement technology
  10. Project Youtility
  11. Consumption saving achievable
  12. UK household
  13. Appropriate energy tariff
  14. Secure platform
  15. Energy p.a

Related Pages

UKRI project entry

UK Project Locations