‘Smart grid’ is a catch-all term for the smart options that could transform the ways society produces, delivers and consumes energy, and potentially the way we conceive of these services.

Delivering energy more intelligently will be fundamental to decarbonising the UK electricity system at least possible cost, while maintaining security and reliability of supply.

Smarter energy delivery is expected to allow the integration of more low carbon technologies and to be much more cost effective than traditional methods, as well as contributing to economic growth by opening up new business and innovation opportunities.

Innovating new options for energy system management could lead to cost savings of up to £10bn, even if low carbon technologies do not emerge.

This saving will be much higher if UK renewable energy targets are achieved.

Click here to download the full report.