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Australia - Smart Grids - Key to the Transformation of the Electricity Industry
Market |
Information Technology |
Report Type |
Market Research |
Country |
Australia |
Published |
1 February 2012 |
Number of Pages |
158 |
1-3 hours, 24 hour max |
|
Publisher |
BuddeComm |
File Format |
For decades the electricity market has been a stable and rather boring one. The basic business model remained steady-as-you-go and developments in the market were largely dictated by government policies, which were basically aimed at keeping energy prices down and ensuring the reliability and safety of the network.
The privatisation of the industry in some parts of the country during the 1990s did change ownership structures but overall it did not do much to change the structure and dynamics of the market.
During the early 00s some entrepreneurial electricity companies started to venture into the telecommunications business, and while they ultimately moved out of this market they left behind several new telecommunication companies that provided competition, particularly in the heavily monopolised telecoms infrastructure market.
This brush with the telecoms market as an enabling technology was useful later in that decade when climate change issues started to dominate the political agenda. While the industry was very slow to take these political issues seriously a change in government in 2007 forced them to pay attention and to begin to take action.
Slightly predating these activities were the energy problems that several utilities experienced earlier that decade. A combination of climate change developments, resulting in extreme hot weather and the purchase of more air-conditioners by an affluent population, led to peak-demand network problems and major blackouts.
Electricity companies not just in Australia but around the world were all facing similar problems, and they began to investigate smart meters. These devices would allow them to better manage peak demand, thus avoiding breakdowns in energy supply.
Several problems now started to intersect with each other:
- Customers became concerned about climate changes and the environment.
- An unprepared industry system suddenly faced the need for major new investment in energy efficiency, which led to significant price increases for their customers.
- Both the government and the industry were unprepared to engage and communicate with their customers about all of this.
- The industry lacked the culture and flexibility to react swiftly to the changes in society and in the market.
It has become clear that it is essential that the government needs to address all of these issues in an integrated way. Current policies in relation to home insulation, solar panels, energy efficiencies, clean energy, renewable energy and electric vehicles all need to be addressed within one national blueprint, from which individual strategies can be developed.
Smart infrastructure and smart tools are the glue that can provide the horizontal integration of the various sectors and projects involved in this complex transformation process, and it can also provide the platform for a cohesive policy aimed at sharing infrastructure. This, in turn, leads to significant cost savings.
The government has already launched two significant trans-sector projects: the NBN (national broadband network) and the Smart Grid/Smart City project. These projects provide answers as to how these diverse issues can be addressed within one national blueprint. The experience and knowledge that Australia has been building up in these projects now needs to be extended to include all of the abovementioned issues.
Economic data all points towards a green economy that will create a large number of new jobs and offer business opportunities for innovative entrepreneurs. And if Australia can maintain its leadership role that would support its export earnings also.
Report Scope
This report provides overviews and critical statistical information on the electricity market, as well as detailed information on smart grid, smart meter projects and the key players in this market. Developments in PV and smart cars and their implications on national infrastructure are also highlighted.
The privatisation of the industry in some parts of the country during the 1990s did change ownership structures but overall it did not do much to change the structure and dynamics of the market.
During the early 00s some entrepreneurial electricity companies started to venture into the telecommunications business, and while they ultimately moved out of this market they left behind several new telecommunication companies that provided competition, particularly in the heavily monopolised telecoms infrastructure market.
This brush with the telecoms market as an enabling technology was useful later in that decade when climate change issues started to dominate the political agenda. While the industry was very slow to take these political issues seriously a change in government in 2007 forced them to pay attention and to begin to take action.
Slightly predating these activities were the energy problems that several utilities experienced earlier that decade. A combination of climate change developments, resulting in extreme hot weather and the purchase of more air-conditioners by an affluent population, led to peak-demand network problems and major blackouts.
Electricity companies not just in Australia but around the world were all facing similar problems, and they began to investigate smart meters. These devices would allow them to better manage peak demand, thus avoiding breakdowns in energy supply.
Several problems now started to intersect with each other:
- Customers became concerned about climate changes and the environment.
- An unprepared industry system suddenly faced the need for major new investment in energy efficiency, which led to significant price increases for their customers.
- Both the government and the industry were unprepared to engage and communicate with their customers about all of this.
- The industry lacked the culture and flexibility to react swiftly to the changes in society and in the market.
It has become clear that it is essential that the government needs to address all of these issues in an integrated way. Current policies in relation to home insulation, solar panels, energy efficiencies, clean energy, renewable energy and electric vehicles all need to be addressed within one national blueprint, from which individual strategies can be developed.
Smart infrastructure and smart tools are the glue that can provide the horizontal integration of the various sectors and projects involved in this complex transformation process, and it can also provide the platform for a cohesive policy aimed at sharing infrastructure. This, in turn, leads to significant cost savings.
The government has already launched two significant trans-sector projects: the NBN (national broadband network) and the Smart Grid/Smart City project. These projects provide answers as to how these diverse issues can be addressed within one national blueprint. The experience and knowledge that Australia has been building up in these projects now needs to be extended to include all of the abovementioned issues.
Economic data all points towards a green economy that will create a large number of new jobs and offer business opportunities for innovative entrepreneurs. And if Australia can maintain its leadership role that would support its export earnings also.
Report Scope
This report provides overviews and critical statistical information on the electricity market, as well as detailed information on smart grid, smart meter projects and the key players in this market. Developments in PV and smart cars and their implications on national infrastructure are also highlighted.
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