thomas van maele, partner corporate finance, econopolis (market structure and regulation)
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www.econopolis.be
Vlerick MFMMeet the Industry ʻElectricityʼ
7 March 2012
Traditional electricity supply chain
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Traditional electricity supply chain
3
TransmissionFuel Generation Distribution End Consumer
INTEGRATED UTILITY
Market Liberalisation
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Transmission
Fuel
Generation Distribution
End Consumer
UTILITY
UTILITY
Supply (front- & back-office)
Trading platform
1. Unbundling
4. 20-20-20 targets3. Competition in production & supply2. Power trading
20-20-20 targets
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Transmission
Fuel
Generation Distribution
End Consumer
Supply (front- & back-office)
Trading platform
- 20% of electricity to be generated from renewable sources
- 20% reduction in primary energy use by improving energy efficiency
- A reduction in EU greenhouse gas emissions of 20% below 1990 levels
Renewable targets lead to incentive policies
6Source: greenrhinoenergy.com
Different schemes per member state• Investment grants• Certificate schemes
• Feed-in schemes• Tax incentives
• etc.
More focus on energy efficiency is needed
7Source: OECD / IEA 2011
450 Scenario: A target of 450 parts per million (ppm) CO2 in the atmosphere is widely regarded as synonymous with keeping mean global temperature by 2100 to no more than 2°C above pre-industrial levels.
20-20-20 has changed the electricity landscape
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Balancing service
(Renewable)Fuel
(Intermittent)Generation
Smart(er) grids
Producer - Consumer
Supply (front- & back-office)
Trading platform
Energyconsultancy
Smarter electricity supply chain
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Whatʼs next?
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iCloud vs eCloud
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Content production
iCloud
Content consumption
New role for Apple• Providing platform• Managing content storage
• Quality control• IT-Consultancy
• etc.
Internet
New role for internet operators• Connection security• Certainty of client access
• Maintenance of network• etc.
iCloud vs eCloud
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Electricity production
EnergyStorage
ʻeCloudʼ
Electricity consumption
Smart Grid
New role for incumbents• Providing electricity platform• Electricity storage
• Power Quality control• Energy Consultancy
• etc.
New role for grid operators• Balancing offer & demand • Consumer protection
• O&M of grid
THANK YOU!
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Tel. 03 / 3 666 555Fax 03 / 3 666 466
www.econopolis.bewww.econoshock.be