The prospects of energy market reform are going to change the world. The pace of this change is likely to depend on two factors:
1. The capacity of manufacturers to produce the plant needed to drive markets, to allow market participants to respond to price signals
2. The pace at which government can draw up legislation. Of course that is always the greatest bottleneck. To some extent this obstacle is compensated by the promise or actuality of grants and other financial incentives offered to consumers to save energy, and generators to build renewable alternatives.
These are exciting times. There are a number of new technologies arriving on the market in 2009-2010 which are going to change the way people procure energy supplies. Intermittent or distributed power generation is just part of the equation. The future is being driven by new technology more than anything else. The implication is:
1. Greater consumer choice with respect to energy saving devices, whether its refrigerators, heat pumps, smart meters. These solutions give people the capacity to reduce power consumption as well as the capacity to alter the way they consume it.
2. Time-of-day electricity pricing gives people to profit from the timely sale of power to the grid when electricity prices are high, whilst producing or buying power when they are low. There is even the prospect for generators and traders to store electricity as more efficient battery and fuel cell technologies enter the market.
These technologies and opportunities are available to everyone, but not everyone need to participate in the generating market. There will be solutions to allow you to go off-grid with even greater ease and lower cost than you are already doing. These are interesting times. I wanted to take this opportunity to review the electricity market to determine how the market is going to evolve in future. My findings will be compelling reading to serious renewable energy generators and investors.
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Andrew Sheldon www.sheldonthinks.com
1. The capacity of manufacturers to produce the plant needed to drive markets, to allow market participants to respond to price signals
2. The pace at which government can draw up legislation. Of course that is always the greatest bottleneck. To some extent this obstacle is compensated by the promise or actuality of grants and other financial incentives offered to consumers to save energy, and generators to build renewable alternatives.
These are exciting times. There are a number of new technologies arriving on the market in 2009-2010 which are going to change the way people procure energy supplies. Intermittent or distributed power generation is just part of the equation. The future is being driven by new technology more than anything else. The implication is:
1. Greater consumer choice with respect to energy saving devices, whether its refrigerators, heat pumps, smart meters. These solutions give people the capacity to reduce power consumption as well as the capacity to alter the way they consume it.
2. Time-of-day electricity pricing gives people to profit from the timely sale of power to the grid when electricity prices are high, whilst producing or buying power when they are low. There is even the prospect for generators and traders to store electricity as more efficient battery and fuel cell technologies enter the market.
These technologies and opportunities are available to everyone, but not everyone need to participate in the generating market. There will be solutions to allow you to go off-grid with even greater ease and lower cost than you are already doing. These are interesting times. I wanted to take this opportunity to review the electricity market to determine how the market is going to evolve in future. My findings will be compelling reading to serious renewable energy generators and investors.
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Andrew Sheldon www.sheldonthinks.com
