The energy sector is subject to constant change. Digitzation intervenes in operational processes and by that, offers a wide range of opportunities. Along with trending topics such as Blockchain, Smart Meter and IoT, another trend is proliferating in the energy sector: B2B trading platforms.
Category: Power Market
The annual congress of the German Association of Energy and Water Industries (Bundesverband der Energie- und Wasserwirtschaft – BDEW) is the most important network event for utilities and energy suppliers in Germany. With 1,600 visitors the BDEW Congress 2017 set a new record. This year EXXETA was again present at the Congress to discuss current … Continued
The term “digitization” increasingly affects the public discussion, the political agenda and, above all, strategic and operative decisions of established companies in the German and European economic regions. The German energy industry has also taken up the discussion and recognized the digitization as an enabler for the Energiewende.
In light of increasing national and international competition companies must be able to react innovatively and flexibly to new market requirements in the future. EXXETA GmbH offers a comprehensive range of training and further measures for companies from the energy industry as well as for those interested in the industry. The offer ranges from one-day seminars and workshops to intensive, individual coachings.
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.
A driving force among our customers is not only the issues of digitization and cloud computing, but also IT security. Above all in the energy sector, specific requirements in terms of IT security are becoming increasingly important. Its origin is justified by the IT Security Act, which entered into force on 25th July 2015.
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.
E-Point is a digital marketplace for buying, selling, exchanging and sharing energy and services. The target groups of this innovative and interactive platform are public utility companies, redistributors and industrial customers.
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 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.