What and where are the most relevant, innovative electricity business models and market constructs that can inform the future of electricity markets?
To find the answers, Energy Networks Australia and CSIRO, as part of the Electricity Network Transformation Roadmap commissioned Accenture to consider how several markets across the globe are rapidly transforming their energy ecosystem. We found that unlike Australia, where current reforms are incremental, other markets are undergoing significant rapid transformation, driven by a clear vision of the future.
The report, Network Transformation Roadmap Insights from Global Jurisdictions, New Market Actors & Evolving Business Models, is especially relevant for Australian utility executives. It seeks to draw insights and potential lessons from events and trends around the world. Broadly, it aims to inform energy market stakeholders across the value chain, with findings and insights for transmission and distribution businesses, energy retailers, regulatory bodies and policymakers.
Seven global jurisdictions including Australia and seven diverse "New Market Actors" are explored. The seven jurisdictions are New York, California, Texas and Hawaii in the United States, as well as the Netherlands, the United Kingdom and Australia. These regions were chosen based on their objectives, drivers, motivations and current capabilities.
The insights and lessons are particularly relevant for Australia. These insights could help inform possible future directions for the Australian electricity market to maintain its relevance for future customer needs and create opportunities for new energy players looking to respond to energy market transformation.
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