Liberalising energy data opens market opportunities

An intelligent balancing mechanism must be underpinned by an integrated communication infrastructure.
Published: Thu 16 Jul 2015

In this live studio interview at Asian Utility Week, Peter Nemcek, vice president of research and development at Cybergrid, talks about the interesting results obtained from the e-Badge smart grid project which is an EU-funded FP7 project. Its objective is to propose an optimal pan-European Intelligent Balancing mechanism, which is also able to integrate Virtual Power Plant systems by means of an integrated communication infrastructure that can assist in the management of the electricity transmission and distribution grids in an optimized, controlled and secure manner. The three year project is now in its final year.

Developing local economies

Mr Nemcek shares and expands on three messages from e-Badge:

1.Telecommunication companies, with their extensive networks, are well placed to liberalise utility energy data

2.Virtual power plants can help in optimising the whole energy value chain

3.Huge savings can be obtained from the merging of balancing markets and the exchange of balancing energy across borders.

He says that  the smart grid, demand response, distributed generation and storage cannot be avoided if we are to  decarbonise the future. He says, “By developing these, we are helping local economies to benefit. Let’s rather keep the money within local communities. It’s also a way in which utilities can support their customers’ businesses.”