The Energy Council recently asked a select group of top tier investment managers and partners for their views on the current investment climate and what the next 12 months have in store when they exercise their discretionary power over their client ESG strategies.
Plug-in electric vehicles, which have captured the attention of the public and the media, will play an important role in the energy future of the United States. Widescale adoption of the vehicles offers the possibility of reducing fossil fuel consumption and greenhouse gas emissions while simultaneously delivering greater energy independence and improving the economics of the electricity industry.
Following the decision of the German Bundestag and Bundesrat to introduce smart power and gas meters for all new buildings from 2010 as part of the liberalisation of metering and measurement for power and gas, smart metering has become a key issue for utility companies across the country.
The market for in-home display devices is subject to different drivers around the world. The potential for customer behavioural modifications is much debated, and the inhome display designs and standards have been shown to have a key influence. Smart Energy International invited four experts from different regions to offer their experiences and perspectives, as well as offer an analysis on key market drivers.
The Inter-American Development Bank (IDB) LAC innovation index GAP analysis results reveal that disruptive trends such as decarbonisation, decentralisation and digitalisation are accelerating the transformation of the Latin American and Caribbean energy industry, write Gavin Rennie and Dafna Siegert.
For several years now energywatch has campaigned for the introduction of smart meters in the residential sector as the overall consumer benefits to us seem high from a GB PLC perspective and are accompanied by energy and carbon dioxide saving benefits. Naturally, as a consumer organisation, we would wish to see some safeguards built into the licence conditions regarding the use of smart meters and we will elaborate on these in separate communications.
Modern smart meters are not being installed in the United Kingdom because the policy and regulatory framework contributes to inertia against upgrade and technology change. Ofgem and the government need to define clear pathways to give the industry confidence to install smart meters.
These are key findings of a study of the commercial, policy and regulatory drivers for smart metering that we conducted for the think tank Sustainability First. The work was sponsored by five of the major UK energy suppliers – EdF Energy, E.On, RWE-npower, Scottish and Southern Energy and Centrica – and industry players the Energy Saving Trust, energywatch, IBM Business Consulting and Ampy Meters. The project set out to assess the costs and benefits of smart metering in the UK; to consider the structure and operation of the UK metering market; to assess the UK case for smart meters in the light of international experience, especially on energy saving; and to identify the policy and regulatory changes needed to secure wider uptake of smart meters. We carried out comprehensive desk research and structured interviews between October 2005 and March 2006. The report identifies smart meters as an important gateway:
• For energy suppliers – to improve market operation through better ways of tackling energy management, and creating new retail opportunities. • For small and medium enterprises (SMEs) and households – to achieve energy savings through improved feedback on energy consumption and expenditure; to develop demand-response at an individual level; and to develop new scope for micro-generation.
The study finds that the significant opportunities, both for suppliers and for consumers, risk not being realised because the present commercial, policy and regulatory framework combine to create an inertia which acts against significant meter-stock upgrade or technological change. Little is likely to happen to stimulate smart meter installation at the residential or SME level in the UK without additional measures. Clear policy and regulatory pathways are needed. The Energy Review and a new European Directive on Energy End-Use Efficiency offer the opportunity to develop firm recommendations and a clear policy road-map for delivery of smart energy meters in the UK. Concerted leadership from the Department of Trade and Industry (DTI) will be needed, with appropriate support from the Department for the Environment, Food and Rural Affairs (DEFRA) and the UK energy regulator Ofgem.