An Energy Data Taskforce has been created to advise Government, Ofgem and industry on how to unlock value from data within the energy system to deliver greater competition, drive innovation in new products, services and business models, and ultimately produce a more efficient, cost-effective and that works for consumers.
Established by the Department for Business, Energy and Industrial Strategy, Ofgem and Innovate UK, the Energy Data Taskforce will be run by Energy Systems Catapult and chaired by Laura Sandys, who last year authored the ReShaping Regulation report stressing the value of data in transforming the energy system.
The energy landscape is undergoing a revolution driven by decarbonisation, decentralisation, rapid advances in technology and the emergence of new business models. Data is intrinsic to this revolution. Optimising the energy system will require much better data transparency and access while ensuring appropriate security and data protection measures.
This is in line with the Government’s Industrial Strategy, Clean Growth Strategy and the Smart Systems and Flexibility Plan that set out the importance of data and artificial intelligence to a low carbon, flexible and affordable energy system.
The main areas of interest for the Energy Data Taskforce to consider will be:
- Data Availability and Value
The Energy Data Taskforce will review the data landscape, identify gaps and make recommendations for how data can be used more effectively in the energy system.
With the participation of Government, Ofgem and the sector, the Taskforce will draw on skills and experience from the wider data and digital economy to inform its outcomes.
This approach should provide benefits such as:
- Improving data flows to optimize the operation of the energy system;
- Improving the handling of real-time data and forecasting capabilities in order to efficiently integrate solutions such as demand response, electric vehicles and storage;
- Improving data visibility and better access to data for both existing and new players in the system, to increase competition in existing markets and enable the creation of new markets;
- Addressing barriers, where parties holding data for commercial purposes prevent market opportunities for other participants.
The primary objectives of the Energy Data Taskforce are to provide the following outputs:
- A list of the key data or data sets that are held by industry, Ofgem, Government or other parties, their main attributes and who would benefit from accessing them, and which should be made public;
- A list of specific data or data sets that need to be improved or do not yet exist but whose existence would make the energy system work more effectively;
- Proposals or options for data architectures (e.g. optimising data flows or modes of transfer between energy system participants) and data formats (e.g. standardisation, interoperability, the level of granularity and frequency it is updated);
- Proposals or options for the roles of different parties in governing data in the energy system;
- Proposals or options for managing risks associated with data in the energy system.
The Energy Data Taskforce is keen to engage with all interested parties as its work plans and activities for the are finalised.
For Terms of Reference visit: https://www.gov.uk/government/groups/energy-data-taskforce
Or to Register your Interest, please email us at email@example.com.