Modelling the feasibility of adopting residential smart grid from consumer and business perspectives

The UK’s transition to a net-zero carbon electricity, including for heat & transport, is significantly dependent upon the rapid deployment of smart grid technology into UK homes and businesses. Small-scale mart grids can efficiently integrate solar photovoltaic generation, battery storage, electric vehicle charging, electric heating and hot water. Combined with variable pricing mechanisms, the smart grid has the potential to result in many GW of demand and stored generation response to grid imbalance. This project uses real-world data to validate and refine a model to estimate financial and CO2 reduction benefits of adopting smart grids from consumer and business perspectives.