December 3 (Renewables Now) - Grid operators are set to examine ways to pool together energy data from all over Europe in a bid to help integrate the retail market, according to a letter of intent signed in Tallinn, Estonia, last week.
Integration of the fragmented retail and services markets is necessary for Europe to achieve its energy and climate goals. If the market is integrated, energy retail, efficiency and flexibility solutions would be easily spread across Europe.
The energy data alliance initiative, led by Estonian electricity and gas system operator Elering, has the potential to help integrate the retail market in practice if it proves successful. With the energy data integrated, energy companies will be able to access it and operate in any country in Europe.
In addition to Elering, the letter of intent was signed by Red Electrica de Espana from Spain, Reseau de Transport d'Electricite from France, PSE from Poland, Fingrid from Finland, Denmark's Energinet, TenneT from the Netherlands and ESO from Lithuania.
According to consulting and engineering firm Poyry, the value of integrating data from all over Europe would be at least EUR 200 million (USD 220m) a year.
(EUR 1.0 = USD 1.1)