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Why Your Company Needs to Be an Electricity Trader
Article

Why Your Company Needs to Be an Electricity Trader



Editorial Rating

9

Qualities

  • Innovative
  • Visionary
  • Hot Topic

Recommendation

Today, about 29% of electricity is generated through renewable sources, but by 2050, renewables should account for 90% of global production. What will that mean for a power grid that was created with fossil fuels in mind? If you guessed that introducing the variability of renewable power will challenge the system, you guessed right. In this special report, the Boston Consulting Group is calling for companies to shift their focus and change their identities from energy consumers to “asset-backed green-electricity traders.”

Take-Aways

  • As the world switches to renewable energy, the price of electricity will grow more volatile.
  • Companies will benefit from becoming energy traders rather than sticking to their traditional role of energy consumers.
  • In the past, companies simply maximized production. In the future, they’ll flex production according to real-time changes to output prices and input costs.

About the Authors

Philip Hirschhorn is a managing director and senior partner in the Boston Consulting Group’s Sydney office, and Tom Brijs is a principal in the Brussels office.


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    M. H. 1 year ago
    Great short primer and the importance of Demand Response programs and a proactive energy procurement strategy