ICT vendors to benefit from regulatory changes in the EU energy market, says Frost & Sullivan
Frost & Sullivan will host a web conference entitled “Smart Grid Deployment Framework in the EU – How ICT Vendors Can Benefit from Regulatory Changes” on Tuesday, 27 November 2012, at 14.00 GMT.
Research Analyst, ICT, Ewa Tajer will discuss the changing regulatory landscape in the EU, with special regard to the United Kingdom, Germany, Poland and Sweden. The briefing will focus on how ICT vendors can benefit from the shift in the European energy policy.
“A smart grid is a matter of when, not if. However, its development requires changes to the regulatory and business framework, which strongly affects producers’ and operators’ development strategy,” notes Ewa Tajer.
“Smart grids have been recognised as crucial for the future of the European energy sector. Although the current deployment framework does not encourage utilities to put more intelligence into the grid, smart grids remain an inevitable part of the EU energy scenario,” she adds.
Higher energy efficiency, CO2 reduction and expansion of renewable energy sources are cornerstones of the current EU energy policy. Changes in the macro environment require a new approach from energy utilities. While traditional functions of operators or energy producers are well established, those related to asset or process optimisation are still in their infancy.
Meeting environmental goals will not be possible without extensive implementation of smart technologies in the energy sector.
Smart grid expansion will provide an additional boost to the ICT industry. Utilities need improved grid balancing, more accurate metering and better fault management. Today’s energy challenges can be addressed only with a reliable ICT infrastructure in place.
This means new business opportunities for ICT vendors. Competition among ICT suppliers and vendors will grow, and new products and advanced services for the energy sector will be available.
The Frost & Sullivan web conference participants will learn about the current trends in the European energy policy and quality change in energy utility’s needs, as well as what are the current drivers and restraints in the smart energy sector. The briefing will benefit utility solution providers, ICT service providers and ICT equipment vendors.