20:23 06 March 2016
The National Infrastructure Commission (NIC) has said that smart energy revolution could help the government save billions of pounds each year. It also encourage storing much more energy from intermittent renewable like wind and solar.
Lord Adonis, chairman of the commission, said: "Our existing power stations are closing down and their replacements will be radically different as we de-carbonise supply to reduce emissions.
"This represents an enormous challenge, but it leaves the UK uniquely placed to benefit from exciting innovations set to transform the global electricity market.
"The UK can lead the world in harnessing these innovations. We do not call for new subsidies or significant public spending, but rather a level playing field through fairer regulation and a better managed network to allow these exciting new technologies to compete.
"If we get this right, a Smart Power Revolution could save consumers £8bn a year."
Meanwhile, the head of the World Energy Council, Christophe Frei, said: "Everyone knows about solar power. But people haven't yet grasped the transformative potential of information systems on the internet to maximize the efficient use of electricity."