Future of Utilities’ Post

With EU rules foreseeing a new repository on electricity metering #datainteroperability next year, the Commission has today published a Guidance document to enable EU countries to follow a consistent and comparable approach for reporting their respective national practices, which will be stored there. This approach aims to streamline the process and ensure uniformity. Using the template in the Guidance, EU countries will report on national implementation of the specific technical rules in a consistent and comparable way, and thereby enhance the usability of the repository where the information is stored. This will help improve transparency, trust, efficiency, and predictability in #data exchanges, thereby lowering barriers for new market entrants. https://lnkd.in/dTqAKB26 #worlddatasummit #dataimplementation #dataanalysis #dataliteracy #dataarchitecture #dataquality #bigdata #datainnovation #datascience #datastrategy

In this interview, Angela Wilkinson of the World Energy Council, provides a balanced and insightful perspective on the energy transition. It refreshingly cuts through the polarising nature of the debate, and gives insight into the various pieces of the puzzle required to successfully transition the world's energy system. Certainly a worthwhile listen... #energytransition #netzero #energytrilemma

In the news | The conundrum of navigating data centre energy Recent research conducted by RLB shows that 70% of the respondents foresee supply chain shortages and disruptions curtailing digitalisation in Europe in the next five years. “We know that to move forward, standing still is not an option,” Rees Westley, RLB Partner, says. Decisions involving energy and operations should be made cautiously, consciously and progressively to ease the burden of future challenges. With operators expected to commission 65% more data centre capacity in 2024, the race to secure energy will gather pace. Understanding how we source the energy required for this growth, work within governance and meet sustainability targets will be key to success and allow us to advance at the pace required for modern-day requirements. Discover more about navigating data centre energy in here: https://lnkd.in/e74n33TX #DataCentres #RLB #CreatingABetterTomorrow 

⚡ Transforming the Future of Energy in the Middle East 🔋 As the energy sector undergoes significant changes, the Middle East stands at a crucial crossroads—navigating the growth of traditional oil and gas while embracing the swift transition to cleaner energy sources. With the introduction of new green regulations and ambitious diversification strategies, this evolution presents both challenges and opportunities within the industry. Our latest report reveals essential trends, market insights, and a forward-looking perspective on the region's energy landscape. Don’t miss this comprehensive analysis—download the full report today to discover what the future holds! 📥 Download the report here: https://lnkd.in/dYZF6K7k Curious how hashtag #TradeCreditInsurance can support the growth of companies within the energy sector 📈 ? Get started with an instant online quote: https://lnkd.in/dqwZGn4n hashtag #AllianzTrade hashtag #EnergyTransformation hashtag #EnergySector hashtag #SectorReport hashtag #GCC

US HERE WE COME! 🇺🇸 We’re very excited to announce that our first power trade in North America has been completed – marking the next step on our global journey towards energising a greener, fairer future. “There’s significant potential for us to leverage our trading and optimization competencies in the North American markets. Many states across the USA are undergoing a rapid buildout of renewable and inflexible generation, which means we are seeing North American power markets with large price fluctuations. Utilising our algo-based trading platform, we’ll help even out these fluctuations to enable integration and maximisation of renewable energy use in the power grid – supporting security of supply in North American power grids whilst delivering lower energy costs for businesses and consumers” said Jesper Jung, our Vice President of Trading Analytics & Algorithm.   Sitting down with EnergiWatch to discuss our latest market entry, Jesper said: “For the past 20 years, we have contributed to the proliferation and integration of renewables across Europe. The journey now continues in the North American markets. Leveraging our algorithmic trading platform, our goal is to assist the green transition in major established markets, whilst looking towards both major established and developing markets in the future. If there are opportunities to contribute to the development and integration of renewables to accelerate the global path to net-zero – we’ll be there.”   See the full article in Danish here (subscription required): https://lnkd.in/dxrmg6md   #CentricaEnergy #EnergyMoversByNature #USPower

This ought to be a very useful session for companies trying to understand the future impacts of energy pricing and cost-effective ways of reducing these. worth signing up to attend:

🌍🔋 Empowering Utilities for the Energy Transition: Key Insights from the World Bank Report 🔋🌍 The World Bank's latest report, "The Critical Link: Empowering Utilities for the Energy Transition," offers a comprehensive analysis of the pivotal role utilities play in achieving global energy transition and universal access to electricity. Here are the key takeaways: 1. The Critical Role of Utilities: Utilities are central to decarbonizing electricity supply and electrifying energy demand. They must integrate more renewable energy, modernize networks, and manage diverse and complex power needs. 2. Current Challenges: Many utilities, especially in low and middle-income countries, struggle with financial sustainability. Only 40% can cover their operating and debt costs, leading to underperformance and reliance on government subsidies. 3. New Opportunities: Transitioning to renewable energy can reduce dependency on volatile fossil fuel prices and create opportunities for regional power trade, improving reliability and cost-effectiveness. 4. Investment Needs: Significant capital investments are required to expand and modernize networks. Utilities need to access affordable long-term financing to support this transition. 5. Policy and Regulation: Effective policies and regulatory frameworks are essential. Governments, regulators, and development financiers must collaborate to create environments that support sustainable utility operations. 6. Managerial Capacity: Utilities must improve service delivery, reduce losses, enhance billing and collection, and invest in modern infrastructure and managerial capabilities to harness new technologies and business models. The report underscores the urgent need for action from all stakeholders to build resilient and efficient utilities capable of driving the energy transition and achieving universal access. #EnergyTransition #RenewableEnergy #Utilities #WorldBank #SustainableEnergy #GlobalDevelopment #EnergyAccess #InfrastructureDevelopment #CleanEnergy #Decarbonization Naor Saka Vlad Gavrutenko Venu Borra

Don’t settle for average #solar performance! Unleash the potential of your #PV systems with insights from industry-leading #data companies. Dive into the list now: https://lnkd.in/eU9U63Ga #solaroptimization #dataexperts #assetperformance #dataanalytics

⚡ Transforming the Future of Energy in the Middle East 🔋 As the energy sector undergoes significant changes, the Middle East stands at a crucial crossroads—navigating the growth of traditional oil and gas while embracing the swift transition to cleaner energy sources. With the introduction of new green regulations and ambitious diversification strategies, this evolution presents both challenges and opportunities within the industry. Our latest report reveals essential trends, market insights, and a forward-looking perspective on the region's energy landscape. Don’t miss this comprehensive analysis—download the full report today to discover what the future holds! 📥 Download the report here: https://lnkd.in/dYZF6K7k Curious how #TradeCreditInsurance can support the growth of companies within the energy sector 📈 ? Get started with an instant online quote: https://lnkd.in/dqwZGn4n #AllianzTrade #EnergyTransformation #EnergySector #SectorReport #GCC

The #MinistryofPower has clarified that #energy obtained through #openaccess arrangements, either through a third-party supplier or #captivegeneration, will not constitute a part of the permissible capacity of banked energy. https://lnkd.in/ggGVznM8