SP2016 keynote: Michael Steifman, Utilisave
BIG DATA ANALYSIS: INSIGHTS TO LEVERAGE WITH YOUR TECHNOLOGY AND PROJECTS
TOP 5 EU & WW ENERGY TRENDS TO WATCH FOR IN 2016
Oil prices stay relatively low, but gyrate up and down making a clear position uncertain.
Solar development marches on causing unit costs to drop, and KwHproduction to rise, while disrupting the fixed cost coverage of traditional utility infrastructures.
A continued decline of coal use in developed countries (while it still rises in China and India). Will the decline reverse itself in developed countries?
Tentative retirement of nuclear energy –as a clean and cheap fuel source nuclear is desirable, however it is also dangerous and scary.
Batteries (energy storage) are experiencing an increase in planning and somewhat in implementation. Ideal uses will shift electricity use off of the grid at peak times –a possible game changer.
EU & WW FINANCIAL TRENDS IN ENERGY FOR 2016
Utilities and investors are using M&A activity to adapt to change within the power industry, and seeking growth in emerging markets. Unbundling and privatization continues. Does all this activity = big data reporting issues?
How does consolidation effect the quality of data?
The majority of markets in Europe payment terms are on direct debit and charge the bank account directly. Does this payment system create situations where billing issues are being missed. Are bills being paid without verification?
EU must balance three key energy-policy considerations going forward –security of supply, economic competitiveness and environmental sustainability. Success will depend largely on two factors: ensuring that its energy markets send the correct long-term price signals, and intensifying its energy efficiency efforts. What role can optimizing utility data play to enhance proper efficiency behavior.
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Operational Analysis and Insights
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