Business - 17/June/2021

Use the correct data in the right way

Data is having a major impact on our world. In energy, an influx of data is changing the roles of each player across the value chain but it needs to be gathered and processed in a suitable way to have the greatest influence. Ensuring the data is right to begin with is essential to the success of the energy transition

By using a number of different metrics, decision makers can be better able to get a fuller picture of the energy system and how to effectively decarbonise

MODERN METRICS How energy was measured previously is no longer applicable in a 21st Century system that incorporates, for instance, distributed energy resources and active prosumers

DATA OWNERSHIP Who owns the data and who collects the data differs market by market, complicating decision-making and knowledge sharing

KEY QUOTE There will be an abundance of energy at some point in time, so it will not be a matter of counting the electrons, but measuring when energy is needed at what point in time and where ...

 

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