Residents in the heart of UK’s capital can soon save 15% on their bills, thanks to new technology.
Thanks to the £100,000 innovation award from the National Grid Energy Efficiency Innovation Award scheme, CityWest Homes has teamed up with utility metering giant Energy Assets to install the 'community meters' across 840 properties in eight Westminster tower blocks. These will access cheaper electricity without residents needing to cut back on comfort.
Work started in January 2015, with Hide Tower, in Pimlico estate, the first to receive a meter makeover. The 151 flats in the iconic 1960s block, will have new smart meters connected by ethernet, so that bulk electricity may be bought at a single industrial meter. Residents are expected to save around 15% on their fuel bills, with further savings planned as the year goes on. Community meters will allow suppliers to provide beneficial tariffs to CityWest Homes - thereby reducing energy charges to residents.
CityWest Homes has also engaged Energy Assets to deploy their Z-LYNK load switching / energy control technology, which will remotely switch on storage heaters and hot water cylinders when electricity is at its cheapest.
Tim Harris, chief executive, CityWest Homes, explained: “Our priority is to reduce bills for our residents, while ensuring there is no change to their comfort. Electric heating tends to be more expensive and we expect to change that. By using new technology to bulk buy electricity, we can optimise the use of intermittent sources such as offshore wind, and earn an income by helping to stabilise the grid. This will help to reduce the cost of heating and provide the best value for money for our residents.”
Phil Bellamy-Lee, chief executive of Energy Assets, commented: "We are delighted to have worked with CityWest Homes to shape this innovative project over the last 12 months and look forward to bringing the benefits to its residents. Projects of this kind, developed and implemented by Energy Assets, can ultimately create a platform to deliver load balancing and deferment opportunities to network owners, with storage heating being one of the largest deferrable loads available in the UK.
“Energy Assets is dedicated to developing innovative technology which will provide benefit to the UK energy market and we are committed to providing solutions which can tackle relevant market issues and help keep the lights on."