- The ability for households to change their energy consumption patterns based on external signals – shows that EU consumers could save more than €71 billion on their electricity bills every year if the technology were implemented to its full potential.
- For the electricity grid, this also means €11.1–29.1 billion saved in annual investments that would otherwise be needed to reinforce the electricity distribution grid to deal with the additional load.
- The European Commission is aware of these shortcomings and is preparing to reform the EU electricity market to reflect the shift towards a more decentralised energy system dominated by renewables and grid-connected devices.
Flexibility in power sector could slash consumer bills by €71 billion, study finds
