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Published byJanice Alexander Modified over 9 years ago
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Issue: Big Data In Energy How can the energy sector leverage big data technology?
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Current Challenges in the Sector Increased Demand for Energy Fragmented Infrastructure Access
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Opportunities Improved quality of services Increased environmental safety Meeting Climate Change Goals Cost-Savings Risks Security Privacy Environment
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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
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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
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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
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Analysis Addressing Key Challenges Equity with real time pricing - Opt-out Option Privacy restrictions Security concerns Both demand and supply side Environmental Protections
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