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Energy companies announce midata agreement to give consumers access to their personal data

Posted on: Tuesday 18th of October 2011

Yesterday’s Energy Summit saw the first significant announcement of the Government’s midata programme, which we expect to gather pace over the autumn.

Government, consumer groups including Citizens Advice Bureau, the six largest energy suppliers and industry regulator Ofgem agreed a range of measures to empower consumers to save money on their gas and electricity bills. One of the measures announced is to encourage switching by people between suppliers to find the best, most suitable energy deal. To facilitate this happening the energy companies have agreed to give consumers access to their personal energy usage data in electronic format as part of the midata programme. Consumers will be able to use this information to understand their patterns of consumption and spending, to see if they are on the right tariff and make a decision if they are with the right supplier.

This is a great step forwards for the midata programme and we’re expecting further midata announcements involving organisations in the retail, telecoms and finance sectors over the next few weeks. So watch this space and we’ll keep you updated.

For organisations that don’t want to get behind the curve and miss out on the opportunities of midata, Ctrl-Shift is running an event – ‘to hoard or to share: midata and the personal data sharing revolution’ on November 9th. We’ll be covering the benefits, threats and implications of consumers empowered by their personal data. At the event the midata vision will be set in the context of a rapidly changing personal data landscape. We’ll show how some major businesses are responding and discuss the thorny issues that should be addressed right now. There will be presentations from companies that are seizing the opportunities to create new services.

Speakers include representatives from World Economic Forum, Royal Mail (sponsor), Callcredit (sponsor), Google, Professor Nigel Shadbolt (midata chair), Cabinet Office, Experian, Barclays, Consumer Focus, Reevoo, Mydex (sponsor), Bill Monitor and Which?.

There will be a mix of presentations and practical interactive round table discussions. Each of the following round tables will be hosted by a subject matter expert:

  • the business benefits of midata;
  • data protection compliance;
  • the benefits to the economy;
  • technology  – help or hindrance;
  • identity, authentication and assurance; and
  • addressing consumer demand.

The event will be interesting, stimulating and helpful for organisations that now have to start thinking about a new ‘information contract’ with customers.

To book you place you can either do so online (you need to be a registered user of Ctrl-Shift and it’s easy to join). Or, if you prefer to book offline, contact Karen Hindle. Prices are £495+ VAT for one person, or £795 for two. The full programme is available here.