Consumer Centric Future of The Energy Industry

Seyi Fabode, FT 2010, Power2Switch

• Power2Switch

• Industry Drivers

• ‘A Day In The Life Of Adam’

• Questions

• Power2Switch

Power2Switch

We help people make responsible energy decisions.

• Industry Drivers

Industry Driver 1 = Government

Policies, regulations and incentives

Industry Driver 2 = Private Sector (New Technology)

Industry Driver 2 = New Technology

Industry Driver 2 = New Technology

“Venture capital kingpin Kleiner Perkins acknowledges weak results”

Gigaom

“Don’t compete against China for commodity products”

Elon Musk at SXSW 2013

Industry Driver 3 = Consumersaka Most Important Driver

Industry Driver 3 = Consumersaka Most Important Driver

Industry Driver 3 = Consumers

aka Most Important Driver

Demand in the Industrial and transport sectors ultimately produce output consumed by the residential segment. Fundamentally the end use of all this energy consumed is to serve the end consumers (Exxon Mobil Report 2012)

Industry Driver 3 = Consumers

aka Most Important Driver

Stats: Energy demand in developing nations (Non OECD) will rise 65 percent by 2040 compared to 2010, reflecting growing prosperity and expanding economies

Industry Driver 3 = Consumersaka Most Important Driver

Most people care about how #1

Self

• A Day In The Life of Joe

High cost of the new technology will be borne by early adopters, prices will drop

Distributed Generation (SolarCity)

High cost of the new technology will be borne by early adopters, prices will drop

Distributed Storage

Time Of Use Prices for Energy, ‘Power Saving Mode’, LG Fridge

Smart Home Appliances

High cost of the new technology will be borne by early adopters, prices will drop (Nest Thermostat)

Smart Home Appliances

High cost of the new technology will be borne by early adopters, prices will drop and we’ll all have our version of the Tesla Model S

Electric Vehicles

Net Zero Energy Home

In the meantime, we gather consumer provided information and educate them...

• Thank You! Questions?