The value chain and the business model of the utility industry are subject to a significant transformation, which is driven by the phenomenon of deregulation, decarbonised energy generation, decentralisation and digitisation.

In contrast to the first transformation drivers, digitisation is not a change caused by the changes in the utilities industry itself. Rather, it is the technical instrument of making the mentioned revolutions possible in the first place. With the extent and experience in the use of digitisation, the intelligence of every market-participating utility company as well as the connected consumers increases to master the complexity associated with the first transformations in a safe, economic and environmentally friendly manner. The pressure applied by legislation and society to implement the transformations is forcing all market participants to practise digitisation.

The key to mastering the described transformation is to underlay the energy system of a market with a digital information network that not only realistically reflects the current situation of the energy network (feed-in transmission- distribution-consumption) with all the necessary physical and commercial parameters but also – with decreasing reliability – short, medium and long term forecast. Every […]

Image: Welcomia © 123RF.com