Disrupting utilities – the smart business revolution

07 April 2017

In collaboration with PwC’s power and utilities practice, r2i recently surveyed more than 500 UK businesses to understand more about their investment decisions in smart technology. The message was clear: utilities currently hold the power in the Smart Business Revolution.

The survey provides insight into the thinking of the UK's large energy users in regard to smart energy technology investment, demand-side management, and who they trust to install the technology.

Unsurprisingly, the main theme to emerge is concern around costs – particularly, that the benefits from investing in smart technology will not outweigh the setup cost. However, other key findings include:

B2B energy pic

The survey uncovered that, as the adoption of the 'Internet of things' gains momentum, there is a growing interest and appetite to spend on smart technology within businesses - a quarter of respondents plan to spend over £500k on smart energy technology within the next five years.  However, with increasing choice and competition, the industry’s players need to act now.

For more information, please contact Alison Blair or Cliona O’Beirne, or visit the survey website.

Alison Blair alison.b.blair@pwc.com

Cliona O’Beirne cliona.a.obeirne@pwc.com

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