"energy" articles

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the  Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Bruce Sher , Head of Business Development LG Electronics  will be the featured Fireside Chat speaker at 12:00 PM CT, addressing the changing markets for residential energy management. Prior to the session, Bruce provided insights on key trends that will...

Parks Associates continues its thirteenth-annual Smart Energy Summit: Engaging the Consumer with the virtual session, State of Residential Energy Management , on Thursday, April 7, from 11:00 AM to 1:30 PM CT. Paul Wezner , VP, Product and Customer Success, Powerley will be featured on the interactive panel, The Future of Energy: A Paradigm Shift, at 11:15 AM CT, addressing how the new requirements for active consumer participation in energy savings will drive the...

Parks Associates’ research reveals that 20% of US broadband households report the COVID-19 pandemic has increased their interest in smart energy solutions that can help them manage their energy use, cost, and comfort. Energy management programs and smart energy solutions can deliver immediate cost benefits to consumers, but the energy industry has generally been unable to find solutions that trigger widespread engagement among their customer base. Utilities have tried different...

Parks Associates’ consumer surveys consistently find that “peace of mind” consistently ranks in the top three smart home benefits that most influence purchasing. Thirty-one percent of recent buyers report “peace of mind” as the top benefit influencing their purchases. Security service providers can build on consumers’ desire for this value and develop other offerings that address peace of mind. Released ahead of this week's ISC West , Parks Associates' new whitepaper...

Parks Associates hosted its first in-person event of the year. The internationally recognized market research firm’s 13th annual Smart Energy Summit: Engaging the Consumer focuses on the evolution of the consumer utility market, the impact of COVID-19 on energy management programs, and new opportunities to drive engagement in utility-sponsored programs. “Parks Associates consumer data reveals that consumers want better home energy insights than they currently get from...

Rising cost of living has made households more sensitive to energy cost. This has been accompanied by increasing energy demand from existing energy infrastructures most of which are old and dilapidated. Demand response (DR) programs have been designed to ensure sustainable energy supply using existing infrastructures. Natural disasters associated with climate change such as the 2021 winter storm in Texas has also contributed to the heightened concerns of consumers about the...

How Texas Saves $1 Billion in Energy Costs a Year: Optimal Load Shaping At the Smart Energy Summit 2022 in Frisco Texas hosted by Parks Associates, Robert Cruickshank from GRIDIoT gave an insightful presentation of how optimal load shaping (OLS) is the fastest way Texas can decarbonize the ERCOT grid and produce energy at the lowest cost. During the presentation, he noted Texas can quickly and efficiently decarbonize the grid (reducing carbon emissions by nearly 20...

Energy management programs and smart energy solutions can deliver immediate cost benefits to consumers, but the energy industry has generally been unable to find solutions that trigger widespread engagement among their customer base. Utilities have tried different strategies over the years to engage consumers, including a range of energy efficiency (EE) programs that leverage smart thermostats and smart meter data to deliver energy and cost savings. Despite these efforts, a large...