Transactive Energy Markets Provide New Opportunities for Distributed Energy Resources
BOULDER, Colo.--(BUSINESS WIRE)--Jun 5, 2018--A new report from Navigant Research analyzes the pace of global adoption of transactive energy (TE) markets.
While fully-fledged TE markets will take many years to mature, there are significant drivers that create a positive environment. TE markets can help manage volatility caused by high concentrations of distributed energy resources (DER) in parts of the distribution network. Regulators are increasingly receptive to permitting residential customers to participate in new energy markets, where a market-based financial return could replace existing subsidy programs.
According to the report, ubiquitous TE markets are still many years away, as they continue to battle vested interests, legacy technology infrastructure, regulations, and taxation issues.
“Australia and Germany will likely be the first markets to move away from trials into large-scale deployment, but others—including France, the UK and Japan—will soon follow,” says Stuart Ravens, Principal Research Analyst with Navigant Research. “In the US, where the vertically integrated business model is an additional barrier, adoption will be driven by individual states. California and New York are two leading contenders, because of their DER-friendly energy policies.”
Current TE trials around the world can help identify future profits. This is not a simple task. Click to tweet: According to a new report from @NavigantRSRCH, the first TE markets will appear within the next 5-10 years, despite more bullish statements from the market.
This report, Transactive Energy Markets, complements Navigant Research’s previous research on the opportunities TE. The study analyzes the market issues, including demand drivers and barriers, associated with the development of TE markets and business models. Global market forecasts, broken out by segment, technology, and region, extend through 2026. The report also examines the value streams related to TE and provides recommendations for DER owners, network utilities and suppliers, TE vendors, and other stakeholders exploring the emerging TE markets.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Transactive Energy Markets is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605005022/en/
CONTACT: Navigant Research
Stefanie Bradtner, +49-221-270-70-142
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: ENERGY UTILITIES OTHER ENERGY TECHNOLOGY NETWORKS
SOURCE: Navigant Research
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PUB: 06/05/2018 05:15 AM/DISC: 06/05/2018 05:15 AM