Home Energy Management System (HEMS) ICT Market Study - HEMS ICT Market Forecast Tool

The ETI commissioned the HEMS &amp; ICT Market project to undertake an in depth study and assessment of HEMS along with data, processes and controls and potential additional services enabled via a linked ICT system.The project delivers key insights and findings in terms of potential future offerings and capabilities of these products along with market assessment information.The aim of the project was to characterise the existing market for HEMS and ICT systems and to quantify the market/commercial opportunities for future HEMS and ICT propositions for both consumer and business.<br><br>Our main report identified an opportunity for the ETI to lead the Advanced ESCo scenario through 3 key business propositionsESCOs ‘right-size’ heating solutions then provide supply contracts with price guaranteesHEMS enable optimised ToU tariffs and DR benefits via local storageHybrid heat pump driving arbitrage opportunities in the homeThe HEMS ICT Market Forecast Tool is an excel work book that provides the user with a UK market forecast for Home Energy Management Systems and related ICT hardware. Users are able to vary various control parameters and create market forecasts to meet individual needs. This model is not intended as a final answer but rather provides a flexible forecast tool to inform a forward view of households that could potentially take up any of the 3 Advanced ESCo HEMS propositions set out in the main report.<br><br>The report was initially published in November 2014. Some details and analysis may be out of date with current thinking.