Investments in Distributed Renewable Generation will Power a Prosumer-driven Energy Model
Prosumers (customers who both produce and consume energy) are on the rise globally, as investment in renewables and distributed generation technologies increase. Enabled by smart energy management solutions, smart grids, energy storage solutions, and supportive legislation, the next 5 years will see strong growth in related markets, as well as disruption to the traditional energy business models due to increased penetration of prosumers in the energy value chain. The study details the various drivers for the growth of prosumers along with their discussions. It also provides the three big predictions, entailing the trends witnessed in the market.
Key Findings
Key CEO 360 Degree Perspectives
Three Big Predictions
Relevant Research
Utility Models have Gradually Evolved from a Centralised to a Decentralised Model, Encouraging End User Participation
The Amount of Energy Produced by a Prosumer is Driven by its Need for Self-sufficiency and its Ability of Grid Integration
Most of the Existing Prosumers Fall into the ‘Predominant Self-consumption’ Phase of the Evolution Curve
Prosumers—Drivers and Restraints
Likeliest Scenario for Development of Prosumers See Technology and Regulation Playing Key Roles
The United States, Australia, Germany, and France Offer Attractive Opportunities for Driving the Growth of Prosumers
The European Countries Remain Committed to Energy Efficiency and Climate Change, Driving Growth
Key Enablers Driving Growth of Prosumers
Key Enablers Driving Growth of Prosumers (continued)
Renewables, CHP, and Distributed Generation Technology have Largely Contributed to the Rise of Prosumers
Increased Solar Investment Drives Global Growth in Renewable and Decentralised Energy
Renewable Energy has Been a Key Driver for the Rise of Prosumers
With Increased Technological Efficiency, the Cost of Generating Solar Energy has Decreased Significantly
Decline in Renewable Costs Makes Prosumer Offering More Attractive
LCOE Should be Lower than or at Least Comparable to Conventional Energy to be Attractive for Prosumers
Price Reduction of PV Modules and Net Metering Policies Adopted Globally are Likely to Reduce LCOE
Small Scale PV is Not Yet at Grid Parity but is Catching Up Quickly, Supported by Tax Credits and Incentives
Prosumers—Value Proposition
High Retail Electricity Price is Very Attractive for Prosumer Growth
Supportive Regulations and Policies are Key Enablers for Prosumer Growth Globally
Regulators in the US are Unlikely to Let Mass Access to the Grid Without Utility Compensation
Smart Meters are Crucial for Effective Integration of Renewable Electricity by the Prosumers
Accurately Tracking Production and Consumption is Key to the Growth of Prosumers
Energy Storage Costs will be a Game Changer in this Developing Market
Distributed Energy Storage Such as Home Energy Storage and Electric Vehicles as Storage Unit will Drive Growth
Energy Storage is Predicted to Become an Increasingly Important Enabler for the Rise of Prosumers
US and North East Asia Lead Investments in Energy Storage, While China is a High Growth Market
Hybrid Models are a Combination of Virtual Power Plants, Distribution System Operators, and Technology Retailers
Hybrid Prosumer Utility Models are Currently Thought to be the Best and Fastest at Achieving Commercialisation
Case Study—Power Purchase Agreements (PPAs) are an Attractive Investment Model for Hybrid Prosumers
Case Study—Leasing Rooftops will Enable Utilities to Participate in the Prosumer Utility Model
Regulatory Actions and Storage Solutions are Crucial Factors Driving Growth of Prosumers
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Pritil Gunjan |
| Industries | Energy |
| WIP Number | 9AAE-00-18-00-00 |
| Is Prebook | No |