Architecting a Transparent and Open Energy Demand Marketplace
Energy data and information tools may transform consumer behavior, and open market designs may create pathways to a more innovative and productive demand-side energy industry. MIT's recent research considered how to improve "Industrial Performance in the US through Energy Innovations", finding that a more innovative and invigorated economy requires an integrated and transparent open market system for beneficial energy efficiency, demand response, and carbon mitigation.
California's Green Button and AMI may set the stage for this new market model, where improved access and transparency of energy and carbon data may open the energy efficiency and demand response markets to new entrants who may create innovations.
This presentation will describe a utility model as demand-side market facilitator rather than market participant, serving as an "information utility" and "transaction engine”. The discussion will describe future systems needed for this transformation :
- Open GIS-based information systems allowing new entrants to visualize and easily measure the societal benefits they produce: efficiency, demand response, and carbon ("efficiency meters") and
- Transaction systems that will allow new entrants to be paid at fair market prices for the societal benefits produced.