Despite more than a decade of wishful thinking that utility-style smart meters will revolutionise energy data for the industry and consumers alike, more than half of Australian homes are still on old-style analogue meters that are read manually.
The reality is that a genuinely smart energy future is never going to be delivered within the regulated metering and data management system. It’s too slow, too clunky and too disconnected from the contemporary requirements and expectations for consumer-facing technologies in the 21st century. Award-winning energy technology company Wattwatchers is working with leading software and data processing partners to create the ‘Energy Data Hub’ – an unregulated (in energy market terms), fully-scalable, consumer-empowering single repository for energy data that will support multiple apps and services. By Smart Energy 2018, the ‘Energy Data Hub’ will be operating in its first iteration with the ability to seamlessly manage billions of energy data points a day. The central repository model aims to allow all energy stakeholders to access individual consumer data as allowed by the customer, sometimes fully identified but also anonymized data which often will still have significant value to third-party users. Granular authorization is required to achieve the necessary privacy and security controls to enable consumers to share their data – when they want to, and where they want it to go and in what form.
This presentation will explore the challenges to/opportunities for generic ‘energy data hub’ models in the new era of ‘IoT for energy’ and the rise of the new ‘behind-the-meter’ energy market. Real-time, accessible and value-added data will be the foundation for deploying artificial intelligence and machine-learning as the electricity becomes cleaner, smarter and very distributed – and ultimately more cost-effective as well.
3 key takeaways from this presentation:
1. Circuit-level data in real-time is critical to smart energy- speed matters
2. Electricity will be dragged into the consumer-tech era – like it or not
3. Consumers will control their data and benefit from it – supported by tech