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Wednesday, May 18, 2016

Top 5 Takeaways – Risks and Rewards of Energy Market Participation

As energy markets open access to non-load-serving entities, the opportunity for third parties to directly participate and profit in energy markets is increasing. Energy markets are also creating new rules for ancillary markets to utilize fast-acting smart products that can add or remove load in response to frequency fluctuations.

Smart Energy Summit featured executives from Itron, Comverge, Schneider Electric North America, WeatherBug Home, and DOE addressing the changing demand response market and opportunities for direct participation in energy markets. Top 5 takeaways from the session included:

  1. The industry cannot force consumers to run their home in an environment that they simply do not understand. The industry needs to provide consumers with an environment that they understand and enjoy..
  2. The impact of standalone products is not significant for energy management, but coordinated operation of a group of devices can be significant for both utilities and consumers.
  3. Reliability and “dispatchability” are the most important factors in determining the value of assets in energy markets.
  4. There are still significant regulations and data barriers limiting energy-related opportunities this year.
  5. There is a conflict between those who want to focus on high-tech options and those who want to focus on regulating these options.

For more information about Smart Energy Summit, or to download the Event Summary, Click Here.

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