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Smart Energy Insights

Monday, September 28, 2015

Residential Security Market Continues to Expand

The market for residential security is expanding. The value proposition for professionally-monitored security service has been extended to include interactive services and home control devices, attracting new subscribers and new competitors.

The entry of telecom and cable operators into the residential security market is not new. Many broadband providers have been offering security services for years with different degrees of success. However, today the growth of the smart home is ...read more

Friday, September 25, 2015

Value-Added Services Create New Opportunities for Utilities

A range of players can potentially gain revenues from deployment of value-added monitoring services. Electric utilities are at the top of this list and need seize the opportunities presented by value-added monitoring services.

Utility service providers can generate additional revenue in a number of ways through deployment of value-added monitoring services. For starters, consumers express a willingness to subscribe directly to such services. Consumers also express a greater willingness ...read more

Thursday, September 24, 2015

Transforming Business Models for Utilities

The proliferation of distributed generation, electric vehicles, and smart products; the participation of demand response assets in power generation markets; and national goals on energy and climate change are straining the traditional business model. As solar prices continue to fall, consumer adoption of solar generation will accelerate, further challenging the industry. The impact of these changes is directly observable in the financial reports of European utilities today, as margins ...read more

Friday, September 11, 2015

Bundling Energy Management with Smart Home Services Greatly Increases Appeal

Energy efficiency programs are designed to engage consumers and incentivize products or services that save energy. While the appeal of individual energy management solutions is relatively low compared to other smart home services, Parks Associates hypothesizes that bundling energy services with other smart home services, with smart home products, or with traditional home services such as home or appliance warranties and HVAC service contracts, would increase the appeal of energy management ...read more

Monday, August 17, 2015

Parks Associates Announces the 2016 Smart Energy Summit in Austin

Parks Associates is proud to announce the seventh-annual Smart Energy Summit: Engaging the Consumer, taking place February 22-24, 2016, at the Omni Hotel Downtown in Austin, TX.

This annual executive event addresses the expanding market for energy solutions and home controls and its impact on utilities, service providers, retailers, manufacturers, and consumers. The summit agenda will feature executives representing utilities, telecom and security companies, retailers, and OEMs ...read more

Monday, June 15, 2015

More than 10% of US households plans to buy a smart thermostat in the next 12 months

Connectivity has disrupted the thermostat market, which like many mature markets had become commoditized. The average price paid for a traditional programmable thermostat in retail was approximately $50 and households replaced existing thermostats only when they broke or when they purchased a new furnace or air conditioning system. Approximately 70% of sales were through the HVAC dealer channel and only 30% through retail.

Additional Parks Associates smart thermostat research ...read more

Friday, February 13, 2015

WattzOn Joins Smart Energy Summit as Break Sponsor

Parks Associates welcomes and thanks WattzOn for becoming a Break Sponsor at the 2015 Smart Energy Summit, taking place next week at the Four Seasons Hotel & Resort in Austin, TX.

WattzOn founder and CEO Martha Amram will be participating on the panel discussion "Value-added Services for Retail Energy Providers" on Wednesday, February 18 at 8:45am. Other speakers on the panel include Direct Energy, Reliant, and Stream.

WattzOn provides a personal energy management ...read more

Thursday, February 12, 2015

Innovation, Ease of Use and Clear Benefit Tied to a Brand Always Engages Customers: Insights from WSI, the professional division of The Weather Company

Joe Sullivan, Account Manager at WSI, the professional division of The Weather Company, answers several industry questions about issues that are currently affecting the energy management market:

What do you think is the most challenging issue for your company as it relates to the residential energy management market?

Right now it is forward looking analytics that utilize the full capability of our weather data. We provide a lot of data for historical analysis only. Only a handful of ...read more

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