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+++ Annual Report: Markets in Digital Change – The Federal Network Agency has presented its annual report for the year 2016 (German only) +++

Strategy of Capacity Withholding in Electricity Markets

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Power Market|Regulation

The term refers to a strategy, where electricity suppliers decide to reduce their own supply in order to increase the price. In a situation where strategic withholding is a profitable strategy to behave, the resulting price for commodity increases. This in its turn allows to collect higher revenues from operating units compensating the loss from the withheld units. This particular strategy creates prices strongly deviating from the economically optimal price level. Nowadays, strategic withholding is even named in the list of causes that can cause an electricity crisis like in California in 2000 and 2001.

EXXETA at the BDEW Forum “Blockchain – an opportunity for the energy industry”

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Energy IT|Innovation

So far it is not possible to estimate the future impact and business models of Blockchain technology. On March 30 2017 two EXXETA colleagues traveled to Frankfurt/ Main to attend the BDEW Forum “Blockchain – an opportunity for the energy industry” to discuss with other participants on viable business models with the Blockchain technology in the energy industry.

Requirements Engineering in the Energy Industry

Constant and rapid change places new challenges to companies in the energy industry every day. External influences, such as changing customer needs, new and regulatory requirements or new data formats are only a small fraction of the reasons for these challenges. Therefore, the IT infrastructure and the application landscape are growing to a complex structure making efficient enhancements more difficult. In the early stages of an IT project, it is crucial to prepare a good basis for successful project implementation.

Blockchain: Applications in the Energy Sector

In the first part of our report on blockchain, we claimed that the blockchain is an innovative technology that allows users to perform direct, fast, and forgery-proof transactions. While there are already some wellknown commercial applications in the financial sector, the use of Blockchains in other sectors, such as energy has so far been limited to a few pilot projects.

Blockchain: Hype or Revolution?

Blockchain technology experienced an explosive attention rise in 2016 and was placed by IT experts at the top of the trend curve, the so-called peak of inflated expectations. Analysts from Gartner Inc. are confident that the Blockchain technology is not just a hype but promises numerous potential applications for the future. Can this technology meet indeed these high expectations? At the moment, companies from different sectors are wondering whether it is worth to invest in this trend.

What are the Current Trends in the Energy Sector? EXXETA at the BDEW Congress

The German Association of Energy and Water Industries (Bundesverband der Energie- und Wasserwirtschaft – BDEW) is the most important lobby group representing the interests of energy companies to policymakers and the general public in Germany. This year’s BDEW Congress adopted the theme of “Change: new ideas, new formats”.