Fuelling the transition

European energy markets are currently experiencing a level of disruption arguably unparalleled in any industry. With the growth of renewables, batteries, electrolysers and electrification, there is massive change already taking place and going out to 2030 and beyond.

Investors need to make decisions with a clear knowledge of the range of uncertainty that therefore exists. James Cox leads the Market Analysis Service Line at AFRY Management Consulting and joins us in this episode to predict the future of electricity markets in Europe, even giving us a hint of where he would put his own money…!

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Decarbonisation, decentralisation and digitalisation are driving a profound change in Great Britain’s electricity resource mix. The market needs to provide clear signals about the most efficient way to operate and develop the system, yet the shifts in the resource mix will change the dynamics of how signals are formed and may highlight weaknesses in the current market design.

AFRY Management Consulting have been working with the Energy Systems Catapult on their Rethinking Electricity Markets initiative, which is developing proposals for reforming electricity markets so that they best enable innovative, efficient, whole energy system decarbonisation.

In this episode George Day and Sarah Keay-Bright, from the Energy Systems Catapult, and Gareth Davies, Director at AFRY Management Consulting, join us to discuss a potential framework for electricity market design.

Read the full report: https://afry.com/en/newsroom/news/rethinking-electricity-market-design-time-change-in-changing-times

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Developments in digitalisation give companies endless opportunities to improve their existing operations and develop new business models. Often organisations find it easy to think of many ways to use this technology, but much more challenging to keep track of all the activity and share findings across the organisation.

Energie Steiermark is a large energy company in Austria that sees digitalisation as being crucial to its future success. In the last 12 months it has launched over 50 digitalisation projects, over half of which have already reached operation.

In this episode Martin Graf, CFO of Energie Steiermark, and Wolfgang Pospischil, Director at AFRY Management Consulting, share more about the methodology that was used to enable Energie Steiermark’s digital transformation.

Find out more about the AFRY Digital Use Case Approach: https://afry.com/en/service/afry-digital-use-case-approach

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Northern Ireland is currently developing a new energy strategy which is expected to address the policy and governance vacuum of recent years and put the country firmly on track to increase its significant contribution to the decarbonisation transition.

Last week AFRY Management Consulting and RenewableNI released a report which considered various options for a new renewables support mechanism that may be appropriate for Northern Ireland in order to reach its potential 2030 targets.

In this episode Steven Agnew, Head of RenewableNI, and Andy Kelly, Senior Principal at AFRY Management Consulting, join us to talk about how the power of renewables can be further utilised to deliver Northern Ireland’s decarbonisation targets in 2030 and beyond.

Read the full report: https://afry.com/en/insight/power-renewables-northern-ireland

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What is the most efficient way to decarbonise the European energy sector by 2050? Earlier this year, AFRY Management Consulting and Iberdrola released a report discussing this question with a focus on Spain and Great Britain. The report concluded that the optimal pathway to a zero-carbon future requires the swift adoption of electric vehicles, that heat pumps will be the key to decarbonise buildings, and that a mix of energies are needed to allow the efficient decarbonisation of industry. In this episode Francisco Laverón, Head of Prospective Energy at Iberdrola, and Dorian de Kermadec, Principal at AFRY Management Consulting, join us to share more about what they found. Read the full report: https://afry.com/en/zero-carbon-roadmap

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In this pilot episode, Stephen Woodhouse shares his thoughts on where electricity markets have come from and where they are headed. What does the future hold for electricity markets? What have been the objectives of electricity markets, and how do they now need to change? What kind of framework do we need to achieve these new objectives and how do we create it? And what are the opportunities?

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