Australia - Smart Energy - Trends and Analyses

Australia - Smart Energy - Trends and Analyses

With a better understanding of the complexity involved in the transformation of the electricity industry the words smart or future energy' are becoming more prominent. BuddeComm believes that the term smart grids' is too narrow and that smart energy' is better suited especially once the communications developments in national mobile and fixed broadband networks start to converge with smart grid developments. Smart grids unfortunately have become synonymous with smart meters, again leading to too narrow a view on this market.

Smart energy signifies a system that is more integrated and scalable, and which extends through the distribution system from businesses and homes and back to the sources of energy. Developments at the edge of the network will increasingly determine its future direction. A smarter energy system has sensors and controls embedded into its fabric. Because it is interconnected there is a two-way flow of information and energy across the network, including information on pricing. In addition to this it is intelligent, making use of proactive analytics and automation to transform data into insights and to efficiently manage resources.

This links with the telecoms development known as M2M or the internet of things' (IoT). For this to happen various functional areas within the energy ecosystem must be engaged consumers; business customers; energy providers; regulators; the utility's own operations; smart meters; grid operations; work and asset management; communications; and the integration of distributed resources.

With energy consumption expected to grow worldwide by more than 40% over the next 25 years demand in some parts of the world could exceed 100% in that time. This will produce an increase in competition for resources, resulting in higher costs. In an environment like this energy efficiency will become even more important.

Quite apart from any increased demand for energy in specific markets, the move to more sustainable technologies for example, electric vehicles and distributed and renewable generation will add even more complexity to operations within the energy sector. As was again confirmed at the COP21 in Paris, technological innovations will have to play a larger role in climate change adaptation.

Concerns about issues such as energy security, environmental sustainability, and economic competitiveness are triggering a shift in energy policy, technology and consumer focus. This, in turn, is making it necessary to move on from the traditional energy business model. Renewable energy, linked to distributed energy systems and battery storage, is going to be the game-changer here.

As a consequence electricity utilities could end up in a spiral of death' situation similar to that of the companies that invested in the building of the internet infrastructure they may own the means of delivering electricity and associated services, but may not be able to take advantage of the new business opportunities that will arise. This will limit their opportunities for future growth. Instead companies should develop a vortex of opportunities'.

Another problem will surface when, due to users reducing consumption and producing energy themselves through energy efficiency strategies, the traditional pricing models become inadequate in terms of maintaining the energy infrastructure.

The potential for transformation of the energy industry to smart energy is still at a very early stage. Valuable advances have already been made in some areas but consensus needs to be reached regarding a collective approach to interoperability and technical standards.

Key Developments:

Smart cities, smart communities, smart buildings, connected communities, M2M, drones, IoT, big data, data centres, cloud computing, smart grids, broadband, smart meters, smart homes, EV, PV, batteries, storage, 4G, 5G.

Organisations mentioned in this report:

NEM, NBN, AGL, Google

1. Synopsis
2. From UtiliTel to Smart Grid to Smart Energy and Smart Cities.
3. Analysis: smart grid market developments in 2016
4. Progress hampered by lack of smart energy policies
5. Will telcos become the OTT players in smart energy?
6. Industry analysis mid 2015
7. Industry Transformation
7.1 The Five Disrupters
7.2 Identifying the Five Disruptors
7.2.1 Ecosystem of the Grid
7.2.2 Distributed Generation and Storage
7.2.3 Future of Transportation
7.2.4 Renewable Economics
7.2.5 Cost to Value
8. Community owned energy retailer.
9. Disruptive retail plan for renewable energy
10. Challenges for the future
11. Delighting and exciting electricity customers
12. Electricity death spiral'
13. Energy industry in transition
14. Storage technologies making progress
14.1 Market estimates
14.2 The effect on smart grids
15. Energy retail market developments
16. People power in the energy market
17. Key international Developments
17.1 Googles acquisition of Nest will affect the utilities
17.2 Resource and energy management are hot issues all around the world
17.3 Energy Internet of Things
17.4 Transactive Energy
17.5 Linking ICTs with climate action for a low-carbon economy
17.6 The UN Broadband Commission and RIO+20
17.6.1 Renewing our commitment towards sustainable development
17.6.2 Broadband for the integration of the three pillars of sustainable development
17.6.3 Turning vision into action
17.7 OECD publishes report on internet of things and M2M
17.7.1 New Technology
17.7.2 New Markets
17.7.3 New Policies
17.8 Driving smarter energy usage through consumer education
17.9 Smart technology to improve generation performance
18. Business analyses
18.1 Australian Smart grids from a global perspective
18.2 Business case for smart grid appears strong
18.3 Home Automation Service Strategies
19. Key Analyses Australia
19.1 Ground-breaking standard for smart grids
19.2 Investments in the Australian smart grid market
19.3 New business opportunities for mining and energy industries
19.4 Energy in Australia remains cheap
19.5 Peak demand requires a smarter energy distribution concept
19.6 Government should show leadership in smart energy policies
19.7 Smart technologies challenging traditional energy scenarios
19.8 The business case for solar energy is getting closer
20. Key developments Australia
20.1 AGL launches battery storage
20.2 Households can save $100-$200
20.3 Spending increases to $2.4 billion in 2012
20.4 NBN facilitates wind farm
20.5 Fuel Poverty
21. Surveys and statistics
21.1 Energy supply and use statistics
21.2 2014 Australian Energy Update
21.2.1 Energy consumption
21.2.2 Energy production
21.2.3 Electricity generation
21.2.4 Energy trade
21.2.5 UBS: Tesla Powerwall can deliver six-year payback in Australia
21.3 Australian energy survey
21.4 Worldwide smart grid spending will reach $46.4B in 2015
21.5 Microgrids revenue to reach $17.3 Billion by 2017
22. Industry reform
22.1 Two decades in the making
22.2 Retail reform
22.3 Deregulation of retail prices
22.4 NEM Review
22.5 Network Costs
22.6 Network pricing reform
23. Separate background reports
Table 1 - Machine-to-machine applications and technologies, by dispersion and mobility
Exhibit 1 - Example - Solar PV

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook