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Innovation case study

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Event
  • Session
  • Tuesday, 22 May 2018
  • 12:22 - 12:22
  • Duration: 8 mins
  • Publication date: 07 Jun 2018
  • Location: Customer Solutions Theatre, NEC, Birmingham, United Kingdom
  • Part of event Utility week Live 2018

About the session

The retail energy market is undergoing far-reaching change. To help the market evolve, compete and innovate, regulation needs to support the development of new entrants and business models while maintaining protection for consumers and satisfying political concerns.

Answering this need, Ofgem has committed itself to the development of a new, principles-based approach to regulation, as well as promising to consider the potential decline of the “supplier hub”, and the introduction of “Innovation Link” to advise innovators on the regulatory impacts of their business proposition.

What does this shift mean for market incumbents, incoming disruptors and customers? And is it delivering fast enough for the most ambitious innovators?

Keywords:
  • climate change
  • decarbonisation
  • electric vehicle
  • energy
  • ofgem
  • power consumption
  • renewable
  • smart meter
  • smart meter data

Channels

Power

Power

Speakers

  • Daniel Kirk

    Daniel Kirk

    Ofgem, Head of innovation link,

    Daniel Kirk is head of Ofgem’s Innovation Link service. We support organisations who are launching new products or services in the energy sector. We do this by offering fast, free and frank feedback on regulation. We also run Ofgem’s regulatory sandbox, in which we can temporarily reduce regulatory requirements to allow a trial.We want to support innovative ideas that bring benefits to current and future consumers. This also helps Ofgem understand emerging trends in the sector and identify areas in which our regulation may need to adapt to sustain innovation.Daniel has been in involved in innovation since 2004, having begun his career in small businesses. Prior to joining Ofgem he worked across sectors, from telecoms to financial services. He has been involved in innovation work globally, from lecturing in Dubai to conducting consumer research in Thailand.Favourite buzzwords: lean start-up and agile methods; experimentation; user-centred design.
  • SD

    Steven Day

    Pure Planet, Founding partner

    Steven Day is a founding partner of Pure Planet, a new, app-based renewable energy supplier. He is also a part-time Masters student at the University of Cambridge’s Institute of Sustainability Leadership.He has 30 years’ experience in journalism, communications, brand marketing, and business. After a degree in religion, he spent the first ten years of his career as a writer and editor in magazine and newspaper journalism, before joining Virgin in 1999 to help create and launch Virgin Mobile, where Steven was responsible for communications, corporate responsibility, investor relations - and some of Richard Branson’s headline-seeking stunts. Virgin Mobile listed on the London Stock Exchange in 2004, doubled its share price, and was sold to ntl in 2006 for just under £1 billion, when it became Virgin Media. He went onto to become Chief of Staff, Brand & Communications at Orange in 2008, which he helped merge with T-Mobile in the UK. He led the creation and launch of the EE brand in 2012 - the largest mobile business in the UK - and the decommissioning of the two former brands.He launched Pure Planet in 2017 - with a group of friends he has worked with since Virgin - with the ambition of creating a mass market, value-for-money, digital and green energy retailer. Pure Planet is the first and (to date) only British, independent energy supplier to have signed the UN Global Compact in support of the sustainable development goals.He is a trustee of Unicef, and lives in Wiltshire with his partner and their two children.
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