Utilities turn to big data to improve pricing models
Smart meters and time-of-use rates could dampen power market volatility and improve hedging
The US’s power utilities are succeeding in one area where Silicon Valley’s finest have failed: convincing homeowners to connect everyday objects – light bulbs, thermostats and refrigerators – to the internet.
The Edison Foundation estimates that by the end of 2017, electricity companies will have installed 76 million smart meters in the US, covering nearly 60% of households. By contrast, Google is said to have sold fewer than 10 million of its Nest smart thermostats.
Smart meters allow
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Next-gen PPA contracts reshaping European power markets
As energy market participants seek new ways of capturing value from volatility, new skills are required to structure and price increasingly complex power purchase agreements
Ercot reforms ace winter but Iran conflict and summer pose bigger test
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Interest in battery and flexibility soars in European energy markets
Energy traders are structuring bespoke contracts around Bess and flexibility that facilitate new ways of managing and sharing risk in this nascent market
Axpo interview: the rise of flexibility contracts in European power
Axpo’s Domenico Franceschino talks to Energy Risk about flexibility contracts, battery optimisation and the role of risk management in valuing these bespoke products
US power markets grapple with surging AI demand
Through rising demand and increased market participation, technology giants are transforming US power markets
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NRG’s chief risk officer Shawnie McBride discusses the challenges of increasingly interconnected risks, fostering a risk culture and her most useful working habits
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
Energy Risk US Leaders’ Network: tackling volatility
Energy Risk’s inaugural US Leaders’ Network convened in Houston in October to discuss risk management challenges caused by geopolitical upheaval, policy uncertainty and volatility
