Session Introduction - How to Design a Retail Market in Flux
This session will be looking at regulation, taking a system perspective. Clear is that the retail market is going to look different: New services, new technologies from solar self-generation over batteries and electric vehicles to IoT-driven appliances, new customer interaction, energy flowing bottom up as much as it flows top-down. Not only the activities will change, also the values. The notion of stable kWh prices as the only determinant (alongside grid charges and taxes) will no longer hold. Unless you buy hedging, power prices will be zero at times, but could be significant at scarcity moments.
Lessons Learned for a New Market Design from the Telecommunications Industry
Drawing a parallel between the Energy and the Telecommunications Industries, this presentation will show that disruption is in effect unstoppable, and that a new market design requires the creation of an incentivizing environment from the Regulator.
Finally, we’ll see how the OTT tiko is the result of the successful transformation of the Telecommunications Industry, and what it took for it to now bring innovation to the Energy actors.
The question is how to design a market that is a lot more decentralised, a lot more variable and flexible, a lot more diverse – and yet as reliable as before. What rules must be in place to ensure system stability and energy access for all whilst enabling innovation and consumer choice for this new market?