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In 2005 the European Union adopted the "Smart Grid" concept - a vision of intelligent, flexibly controllable electrical generation, distribution and consumption. Today Siemens globally provides technologies for this market and has demonstrated its capabilities in various projects. The breakthrough of Smart Grid applications strongly depends on attractive business models which combine the technologies and economic benefits for all stakeholders. http://www.siemens.com/smartgrid This contest aims at generating and further developing ideas into business models that have a great potential to contribute to a more customer-oriented and sustainable Smart Grid market, and making this a reality in the mid-term or even short-term. Therefore the contest is divided into two phases:
Smart meters. What will happen Vs. what could happen Smart meters are the Next Big Thing at the Energy companies. Over the next 11 years every household in Britain will receive Smart Meters, one for gas and one for electricity.