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Consumer Centric Future of The Energy Industry
Seyi Fabode, FT 2010, Power2Switch
• Power2Switch
• Industry Drivers
• ‘A Day In The Life Of Adam’
• Questions
• Power2Switch
Power2Switch
We help people make responsible energy decisions.
• Industry Drivers
Industry Driver 1 = Government
Policies, regulations and incentives
Industry Driver 2 = Private Sector (New Technology)
Industry Driver 2 = New Technology
Industry Driver 2 = New Technology
“Venture capital kingpin Kleiner Perkins acknowledges weak results”
Gigaom
“Don’t compete against China for commodity products”
Elon Musk at SXSW 2013
Industry Driver 3 = Consumersaka Most Important Driver
Industry Driver 3 = Consumersaka Most Important Driver
Industry Driver 3 = Consumers
aka Most Important Driver
Demand in the Industrial and transport sectors ultimately produce output consumed by the residential segment. Fundamentally the end use of all this energy consumed is to serve the end consumers (Exxon Mobil Report 2012)
Industry Driver 3 = Consumers
aka Most Important Driver
Stats: Energy demand in developing nations (Non OECD) will rise 65 percent by 2040 compared to 2010, reflecting growing prosperity and expanding economies
Industry Driver 3 = Consumersaka Most Important Driver
Most people care about how #1
Self
• A Day In The Life of Joe
High cost of the new technology will be borne by early adopters, prices will drop
Distributed Generation (SolarCity)
High cost of the new technology will be borne by early adopters, prices will drop
Distributed Storage
Time Of Use Prices for Energy, ‘Power Saving Mode’, LG Fridge
Smart Home Appliances
High cost of the new technology will be borne by early adopters, prices will drop (Nest Thermostat)
Smart Home Appliances
High cost of the new technology will be borne by early adopters, prices will drop and we’ll all have our version of the Tesla Model S
Electric Vehicles
Net Zero Energy Home
In the meantime, we gather consumer provided information and educate them...
• Thank You! Questions?
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