In a much-awaited report, the EU Agency for the Cooperation of Energy Regulators (ACER) delivered its conclusion on the role played by wholesale electricity markets in the ongoing energy price crisis, exacerbated by Russia’s war in Ukraine. The report states: “Whilst the current circumstances impacting the EU’s energy system are far from ‘normal’, ACER finds that the current electricity market design is not to blame for the current crisis”.
Oil giant bp has acquired UK-based digital energy business Open Energi. The company’s digital platform uses real-time data to optimise the performance of energy assets. Open Energi will join the bp Launchpad portfolio, seeking opportunities to further scale the business globally and build on its strong commercial growth over recent years. bp will also explore how Open Energi can work internationally across its trading and shipping business and low-carbon portfolio.
United Energy, an Australian electricity distributor will spearhead the country’s largest rollout of community-based batteries supporting highly targeted and localized needs later this year. The initiative will target United Energy’s network across Melbourne’s east, south east and the Mornington Peninsula. When complete, the fleet of batteries will be able to store the electricity needed to support 3,000 homes as part of an $11 million investment in new energy technology.
Centrica, the UK’s largest supplier of zero-carbon electricity has signed a strategic partnership agreement with ENSEK, the leading global retail energy software-as-a-service provider, which will see it transfer over 7 million domestic and small business energy supply customers based in the UK to ENSEK’s digital platform.