Following a recent UK trade mission to the US with energy and climate change minister, Greg Barker, KiWi Power, a UK Smart Grid and demand management company, predicts strong economic growth for UK businesses implementing a demand response (DR) energy programme.
Larger companies agreeing to regulate non-essential services, such as air conditioning, refrigeration and lighting, during times of peak demand, receive financial payments of up to £100,000 a year. Small to medium-sized firms are earning between £5,000 and £20,000 a year.
CEO for KiWi Power, Yoav Zingher said, “The US market for demand response is well advanced and businesses are starting to see the advantages of such programmes. A recent trade mission to the US allowed us to share technology and ideas with business leaders, academics and economic development agencies.”
Zingher continued, “Compared to the US, the UK market for demand response is still in its infancy. Many businesses remain unaware of the benefits the scheme offers. There’s nothing new about the technology we use. We’ve just become smarter in the way we use it.
“Companies, including Sainsbury’s, are already benefiting from demand response programmes. KiWi Power now offers the same financial and environmental rewards for smaller sized companies seeking additional risk-free revenue streams.”