SmartShift Energy provides a consumer-owned platform that optimizes energy consumption by monitoring multiple devices and identifying the best energy tariffs based on real-time wholesale prices. This technology enables users to reduce their electricity bills by 10% to 50% while promoting the use of renewable energy and enhancing grid flexibility.
Funding
Funding not disclosed
Founders
Product
Problem
UK households face rising electricity bills and a complex landscape of energy tariffs, making it difficult to identify the most cost-effective and sustainable options. Traditional comparison sites often overlook time-of-use tariffs and fail to account for individual energy consumption patterns, leading to missed savings opportunities. Furthermore, consumers lack transparency into the sustainability efforts of energy suppliers.
Solution
SmartShift provides a consumer-centric platform that analyzes individual household energy consumption data to identify the greenest, fairest, and cheapest energy tariffs available in the UK. By monitoring multiple devices and integrating real-time wholesale price data, the platform uncovers often-overlooked time-of-use tariffs and ranks energy companies based on their commitment to decarbonizing the grid. SmartShift's comparison tool enables users to make informed decisions, reduce their electricity bills, and support the integration of renewable energy sources. The platform prioritizes transparency and fairness, ensuring users have access to tariffs that track wholesale prices and reflect the true cost of energy.
Target Audience
The primary target audience is UK households with smart meters seeking to reduce their electricity bills, increase transparency in energy pricing, and support environmentally sustainable energy providers.
Features
- Smart tariff comparison tool that analyzes individual household electricity consumption data
- Integration of real-time wholesale electricity price data
- Ranking of energy companies based on their sustainability efforts
- Identification of time-of-use tariffs for potential cost savings
- Personalized recommendations based on unique energy profiles
- Monitoring and optimization of multiple devices
- Newsletter providing insights on smart energy