Ofgem Consumer First Panel. Year 7, Wave 3. The Future of Energy
- Content:
- Reports, plans and updates
- Publication date:
- Last updated:
- Industry sector:
- Supply and Retail Market
In March 2016, our Consumer First Panellists were asked to think about future changes in the market (over the next 10-15 years), and to discuss potential future business models.
Specifically we asked Panellists:
- How consumers would like to interact with the market in the future (10-15 years)?
- In what way are their views different to the current arrangements and existing non-traditional business models?
- Which hypothetical future business models (of those presented) appeal to consumers and why?
- Which of these business models might encourage consumers to engage more with the energy market?
Panellists discussed the following potential business models:
- Peer-to-peer energy
- Power of attorney
- Energy service model
- Local energy models
- Longer term contracts
- Pay-as-you-go power.