When you think of all the apps we use daily, like sleep trackers and calendars, and the fact that there are currently 58.9 million phones in the uk alone, it shouldn’t come as a surprise that 8 out of 10 millennials are using technology to track at least one aspect of their lives. We can track our fitness, health and diet, language learning, money and even mindfulness via everyday technology.
A study found tracking technology is the second biggest motivator for when they’re seeking to make positive changes across different aspects of their lives, more than 77% said they were motivated by using technology to track progress and set goals and more than 55% said that having easy access to information instantaneously is a key factor to motivation to make positive changes .
Millennials use tracking apps across a wide variety of areas so being able to track gas and electricity at home with the introduction of smart meters could bring about a real change to the way Britain’s tech-savvy generation interacts with energy. For the first time, it is possible to accurately track household energy use with smart meters, a significant transformation for around 11 million millennials who say they are motivated by using tracking technology to make positive and sustainable changes.
Three quarters of millennials say tracking their energy with a smart meter could help them reduce energy waste, that’s more than 10.5 million young people who think tracking technology such as smart meters could have a genuine impact on their lifestyle.
Smart meters are a new tool available to everyone in Britain at no extra cost, and you can get one from your energy supplier, even if you rent your home. Smart meters let you track your energy use in pounds and pence as you go along, with all the information you need on a handy display; just like glancing at your heart rate on a fitness tracker or the step count on your phone, there are already more than 8.6 million smart meters installed in homes and micro-businesses across Britain.
An Accenture report found that 61% of millennials said they’re looking to sign up for smart technology applications to track their energy use within the next 5 years, while 56% stated that they’re seeking to add solar power within the same time frame. Many analysts suggest that the future of energy is primarily about building a digitally driven clean economy, including author Jeremy Rifkin,who has argued that the “Internet of Things” will play a fundamental role in building cleantech infrastructure. By building up smart grids with smart energy devices and renewable energy into one nice package, utilities will be at the forefront of consumer services.