Jan. 23 (Bloomberg) -- KiWi Power Ltd., an electricity demand-management company in London, has joined Britain’s biggest project to help develop a smarter energy network.
“KiWi Power’s participation in this trial will help us to understand how new commercial innovation may avoid the need to physically upgrade the network,” Jim Cardwell, head of regulation & strategy at Northern Powergrid Holdings Co., one of the companies’ leading the smart grid trials, said in an e-mailed statement.
The distribution company, which flows electricity to 3.8 million homes, won 26.8 million pounds ($41.6 million) from Ofgem’s so-called Low Carbon Networks Fund for its network project in northern England. The company is trialing new agreements as part of its Customer-Led Network Revolution. That may save 8 billion pounds and 43 million metric tons of CO2 by accelerating the use of renewable energy and demand response, according to the e-mailed statement.
Britain is chasing a target to reduce carbon emissions to 34 percent below 1990 levels by 2020 and improve energy efficiency to help curb costs for energy consumers. Changing use of electricity can reduce power demand and limit the need to build more cables, reducing costs and curbing carbon dioxide emissions, a greenhouse gas blamed for climate change.
The 54 million-pound project, backed by Centrica Plc’s British Gas unit and Durham University, is known as the Customer-Led Network Revolution. It will study the effects of reducing energy consumption at times of peak demand, as well as the use of solar panels, heat pumps and electric cars on the power network.
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