Project description
Alternative currency and personalised recommendations to reward energy savings
The issue of wasted energy is pressing, but people are often reluctant to change their daily habits at home because they don't see the immediate impact of their efforts. In this context, the EU-funded BENEFFICE project is proposing a strategy to encourage and incentivise long-term energy conservation among various groups of consumers. The project aims to monitor energy usage in users' homes, promote energy savings and provide rewards in the form of an alternative monetary currency which can be used through a neobanking mobile application. To achieve this, an innovative IoT-based ecosystem will be developed, featuring low-cost, user-friendly devices and personalised gamification strategies tailored to the users and adapted to household performance. The associated business system will be tested in three pilot sites in Greece, France, and Austria in 100 homes.
Objective
BENEFFICE’s strategic objective is to reduce wasted energy by incentivising various consumer types in the wide energy consumer market. A novel ecosystem will be developed which enables and incentivises long-term energy consumption savings. BENEFFICE ecosystem leverages novel IoT enabled, low-cost, “plug-and-play-and-forget” devices, energy disaggregation and an innovative empowerment and rewards approach based on an alternative monetary currency so as to change consumers’ energy consumption behaviour. The “plug-and-play-and-forget” devices will accurately capture energy use patterns at the level of each electrical appliance and at the level of each individual user. An energy behaviour model will be used to correlate these patterns with optimal, personalised comfort levels, social profiles and characteristics (including social, economic, geographic and energy use contexts) in order to determine optimal energy use behaviour to reduce wastage of energy and to increase the use of renewable resources in the energy mix. BENEFICE will design personalized, real-time motivational paths to deliver sustained reductions in energy consumption. Customers will be incentivized to follow these paths voluntarily, through the application of novel business models that provide monetary rewards in return for progress along each personalized pathway and help build an online community of like-minded actors. These business models will be based on an innovative digital CO2 currency - CO2 Credits are awarded to actors for proven, sustained reduction in fossil fuel use. Business models that stimulate the supply of, and demand for, CO2 Credits, will be designed, tested and validated. These business models will leverage partnerships with established businesses -third party market catalysts- that recognize the potential offered by CO2 Credits both to promote reduced consumption of fossil fuels and to extend their market share by offering a new service to their clients with clear social added value.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences computer and information sciences internet internet of things
- social sciences economics and business business and management business models
- natural sciences biological sciences ecology ecosystems
- natural sciences chemical sciences catalysis
- engineering and technology environmental engineering energy and fuels
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.3.3.1. - Reducing energy consumption and carbon foorpint by smart and sustainable use
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
IA - Innovation action
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EE-2016-2017
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1000 Bruxelles / Brussel
Belgium
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.