2020 Energy Forecast: What you Need to Know
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- Feb 7, 2020 1:15 pm GMTFeb 6, 2020 7:08 pm GMT
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This item is part of the Special Issue - 2020-01 - Predictions & Trends, click here for more
The power behind the changing industry. Energy Expert Matt Duesterberg, co-founder and CRO of OhmConnect, the leading clean energy program, dives into his 2020 energy predictions.
Data is the lynchpin of a competitive market. Incumbents such as regulated utilities have an information asymmetry that begets their monopoly power. Many incumbents hoard the data, claiming that they are the only ones who can make the right decisions. In many cases, it is a self fulfilling prophecy, because they are the only ones that have that data. Some incumbents, such as Southern Company, take it even further - they won’t even let their users see their own electricity consumption data. Imagine Visa sending you a credit card bill for $1000 without letting you see what transactions were made.