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REAL TIME ELECTRICITY-PRICES AND CONSUMPTION IN OTANIEMI (Key Players and…
REAL TIME ELECTRICITY-PRICES AND CONSUMPTION IN OTANIEMI
Data
Electricity consumption
Electricity prices
Already collected and available!
Key Players and Added Value
Electricity consumers in Otaniemi
Cheaper electricity bills and chance to make some difference
Possibility to earn by offering electricity to grid when prices are high
Aalto University
Platform of academical study and impact, possible new finances. Part in new and innovative large-scale testing
Private and public companies and agencies
for example TEKES, HELEN and Energiavirasto would be suitable partners
A huge test for intelligent electricity innovations and electricity consumer study
Ann early bird advantage in markets if this pilot project succeeds and shows wider economical potential
Fingrid, electricity distribution companies and eventually everybody in Finland
More even electricity consumption
Business Model
Special mix of many business models
Open business model
Make More of It business model
Revenue Sharing business model
Technical needs
Technology already fully available and in use in other businesses!
Installation of panels showing real time- and daily accumulated electricity consumption and price
Automation and 2-way plugs, only to some locations
Risks
Finance not sufficient, not enough partners
Savings thru smaller consumption and balancing effect is smaller than expected, and not significant innovations are achieved compared to used money and time
POSITIVE THING: Installation of equipment is quite a simple and costs are well prdictable! No major costs other than maintenance after installation. They also predictable beforehand