Customers willing to pay more for energy security claim IET

The vast majority of people are worried enough about energy security to be willing to pay more to guarantee it, new research reveals.


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According to new research by the Institution of Engineering and Technology (IET), released today (September 26), claims despite rocketing bills energy security is still a huge concern.

The work also showed almost 90% of people are concerned about future shortages of power due to an imbalance between demand and supply

Information for the work was carried out by polling 492 people this month at the British Science Festival.

Of those polled 86% said they would be prepared to ‘adapt their energy usage’ in order to take advantage of variable tariffs such as time-of-day-prices.

However, perhaps surprisingly more than half said they were ‘willing to pay more in the future’ to ensure a modernised energy supply.

In the strongest response 98% said it was important ‘some’ of their energy should come from renewable sources.

A further 90% of respondents said they strongly agreed, or agreed, that they would in future be interested in home-based electricity generation.

IET head of policy, Paul Davies, said: “The UK faces the twin problems of energy security and carbon reduction.

“The engineering solutions to these problems, such as the introduction of smart meters and electric vehicles, are bound to have a significant impact on the way people use and pay for energy.

“The IET conducted this survey to gauge the public’s reaction to the changes being planned and introduced.

“The results showed that many people are aware of the issues and what it might mean to them.”

Luke Walsh

© Faversham House Ltd 2022 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.

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