As a result, many Western markets like the United Kingdom or Germany have seen applications helping monitor and manage energy consumption – for example the British Gas Smart app allows to UK-based consumers to set energy spending targets or book engineers, all from the convenience of their smartphone.
The 104 Mobile application of the Regional Gas Company aims to bring this innovation to Ukrainian consumers – with a single place to track and manage gas usage. The goal is to offer greater convenience compared to traditional solutions, not just by allowing consumers to monitor usage in real-time, but also store and authenticate documents – all via the 104 Mobile app.
The application will allow customers in the "not too distant future" according to company representations, additionally aims to users to optimize their energy mix, using a combination of gas and electricity for heating, depending on the prices offered by various sources. Together with the real-time tracking functionality, this could help consumers bring down bills and total usage.
This can prove to be particularly useful in the case of Ukraine. The East European nation of 42 million is one of the world's most energy-intensive economies – meaning that it requires a greater amount of energy to produce a single unit of GDP – in large part due to the outdated infrastructure and ineffective use of energy by the population. By helping residential gas consumers use energy more rationally, the 104 Mobile application can help address this challenge.
It also opens up possibilities provided by the so-called Internet of Things, or IoT. This global trend involves connecting various instruments and equipment to the internet, automatically collecting and monitoring data sent by these devices to provide complex system management. This includes monitoring pressure in gas networks, maintenance needs and other data points.
According to global consultancy McKinsey, the potential impact of IoT in energy storage is an astounding $200 to 600 billion before 2025. By aggregating insights on such issues as consumer habits, network optimization, and predicting maintenance and investment needs, IoT is expected to be a major driver of new business solutions and innovation – continuing to push the frontier to bring value to consumers for years to come.