skip to primary navigationskip to content
 

Groundbreaking steps for utilising smart-meter data in Japan

last modified Feb 28, 2018 12:57 PM
SMAP enables Japanese energy supplier to offer nation’s first Time-of-Use tariff

Japanese energy retailer Looop Inc. recently announced the offering of the Looop time-of-use (TOU) tariff – the first of its kind in Japan. The new product was created utilizing smart-meter data and SMAP Energy’s Smart Meter Analytics Platform – which leverages novel artificial intelligence algorithms to extract behavioural insight.

“This tariff is the first of its kind in Japan and is a groundbreaking achievement. We’ve seen the potential in using smart-meter data to make tariffs smarter in our research partnerships with University of Cambridge – including my personal PhD study – for a long time. Looop continues to demonstrate a desire to innovate and compete in the new market and SMAP Energy is pleased to be supporting them in this endeavour,” said SMAP Energy co-founder and CEO Yohei Kiguchi.

“Smart-meter rollouts are quickly enabling a variety of advanced digital offerings. We’ve seen smart-meter-enabled TOU tariffs start to be offered in the UK and other areas, and all parties in the energy sector should definitely take note. Retailers will be able to craft personalized tariffs to simultaneously reduce customer bills and improve profitability. Network operators will be able to better balance the grid. Regulators will be able to improve ROI on meter rollouts, increase competition, and hold more tools for addressing vulnerable consumers. It’s an exciting paradigm shift starting to come to fruition after several years in the making,” said SMAP Energy co-founder Paul Monroe.

For more information, the full background of the project can be found here.

RSS Feed Latest news

Conferences: Get the Most Out of Your Trade Show Experience

Jul 31, 2019

Exhibiting at a conference can be an extremely effective way to meet with potential customers and generate leads, as well as build your start-ups brand presence and create a buzz. But they can be expensive and if not planned well, can waste your small company’s limited resources. Advanced and strategic planning is key to making the most of the experience. So we asked two of our founders, Vaughan Wittorff, Co-Founder & Chief Commercial Officer at PetaGene, and John Pettigrew, Founder and CEO of We Are Futureproofs, for their thoughts on how to approach an exhibition.

Celebrating World Environment Day - Polysolar’s Contribution to Saving our Planet

Jun 05, 2019

ideaSpace exists to support founders with scalable innovative ideas which could potentially address global threats like climate change. To celebrate World Environment Day we spoke to Hamish Watson, founder of ideaSpace alumni company Polysolar – a leader in the provision of solar PV glass for energy generation in buildings. He took us through Polysolar’s story, from product inception to where it is today, and shared his thoughts on the secret to the company’s success, the challenges that have shaped its growth, and some advice on crowdfunding.

View all news