O2 has said that 5G technology will help to unlock the next generation of smart energy grids in its report, The Value of 5G for Cities and Communities, published on Wednesday 14 March. Overall, the report said 5G can deliver productivity savings of £6bn/ year for UK cities while 5G-connected smart grids specifically would help to drive dynamic pricing, cut consumption and reduce the chance of blackouts. It forecast that net energy consumption per household would be cut by 12% a year, saving the UK £3.9bn on gas and electricity – £145 per household. It would also help the government to enable the widescale adoption of electric vehicles by 2040 by providing and distributing the extra capacity needed for charging them. The report said this would help to put an extra 1.3mn electric cars on the road by 2025.