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Issue: Big Data In Energy

How can the energy sector leverage big data technology?

Current Challenges in the Sector

Increased Demand for Energy

Fragmented Infrastructure

Access

Opportunities

Improved quality of services

Increased environmental safety

Meeting Climate Change Goals

Cost-Savings

Risks Security

Privacy

Environment

1.Improve the Quality or Delivery of Services

2.Improve Cost-Effectiveness of Public Sector Spending

3.Raise Equality Outcomes for Vulnerable Populations

Guiding Principles

Evaluation

1. Micro Grants

Outcome →Encourage tech development

Strengths- Leveraging resources- Efficiency outcomes- Low-risk- Cost-savings

Drawbacks- Limited regulation- Privacy, security, environmental concerns

2. Modernized Regulation

Outcomes → Safety and usage standards

Strengths- Continuity- Safety and environmental - Security

Drawbacks- Privacy- More costly- Access

3. Infrastructure & Open Source

Outcomes→ Build capacity and encourage innovation

Strengths- Leverage the opportunities- Increased security- Increased access- Long-term cost-savings

Drawbacks - Privacy- Costly

Recommended Option

Governments fund infrastructure investment Infrastructure:

Decentralized energy Smart Metering/Real-Time pricing Combined Heat and Power

Different implementation in US and Canada Short-term costs, long-term pay-offs

Open Sourcing Security and Privacy Regulations Spark innovation Transparency

Timeline: Phased implementation – 10 Year Goal

Analysis

Addressing Key Challenges Equity with real time pricing - Opt-out

Option

Privacy restrictions

Security concerns

Both demand and supply side

Environmental Protections