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Disrupting the competitive paradigm: utilities and the growth of home services

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Event
  • Duration: 7 mins
  • Publication date: 07 Jun 2018

Abstract

In an increasingly crowded market with squeezed margins and limited customer engagement, the traditional model for energy supply is fast becoming outdated.

Energy companies are now actively taking this fact on board and in the past year we have seen the beginnings of a land grab in the home services market, as suppliers seek to disrupt their old competitive paradigm with new, diversified business models which can offer broader customer value.

What are the strategies of these first movers? What will it take for energy suppliers to succeed in the home services market and what opportunities are there for other utility players to take a platform approach to service innovation?

Chair: Suzanne Heneghan, Associate Editor, Utility Week

Keywords:
  • ai
  • climate change
  • decarbonisation
  • energy
  • power consumption
  • renewable
  • smart meter
  • smart meter data

Channels

Power

Power

Speakers

  • Steve Ashton

    Steve Ashton

    HomeServe Membership, Partnerships director

    Building on a career in affinity partnerships, Steve joined HomeServe Membership (HML) in 2014 and was appointed as Partnerships Director, joining the HML Executive team in 2017.In a deal brokered under Steve’s stewardship, HomeServe partnered with Aviva to underwrite HomeServe products. In February 2017 a new product was launched, Aviva Response, to support Customers in the event of problems around the home and further strengthening the relationship between two household names.As well as being committed to the development of new partnerships, Steve is responsible for optimisation of existing partnerships and the management of commercial relationships with all HomeServe partners.Steve studied at Keele University, achieving a BA (hons) in Economics/History and has held a number of voluntary Board positions at Chester FC. Steve is married with three children and in his spare time is a keen cyclist.
  • MM

    Mat Moakes

    British Gas, Head of Local heroes

  • Robin Melvin

    Robin Melvin

    EDF Energy, Head of innovation and Blue Lab

    Robin heads up project development at EDF Energy’s innovation accelerator, Blue Lab. Set up in 2015 to explore, develop and test new ideas for customers, it aims to find products that will genuinely make a difference and improve their day to day lives. Robin’s key focus is on the opportunities brought about by decarbonisation, decentralisation and digitisation. Hoppy is an example of EDF Energy’s innovation in the area of digitisation and reflects the growing market and customer appetite for additional services in the home.
  • Suzanne Heneghan

    Suzanne Heneghan

    Utility Week, Associate editor

    Suzanne is Associate Editor at Utility Week, overseeing its daily news and features coverage and developing the content and digital agenda for core Utility Week issues.A former UK regional newspaper editor, Suzanne has more than 20 years’ experience in journalism across a range of publications and roles, including digital. She is also a Chartered Institute of Marketing professional. Key industry interests include the energy retail market, water, smart technology and energy policy.
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