Energy prices for both oil and electricity are increasingly high. European countries have been experiencing record highs in the wholesale market for months. In the case of electricity, this is due to the European pricing system, and in Spain, it is aggravated by the lack of competition in the sector, where any rise in the price of raw materials is immediately passed on to the consumer.
Russia’s recent invasion of Ukraine has aggravated the situation, causing countries such as the US to cut off all Russian energy supplies. Europe, although more dependent, has activated a plan to reduce Russian energy consumption, eliminating energy dependence by 100% by 2030. It will focus on renewable energy, favourably of European origin. In fact, renewable energy is expected to account for one-third of total electricity generation by 2040, thanks to programmes to improve energy efficiency and promote alternative fuels.
This situation offers a great opportunity for companies in the energy sector to invest in innovation in order to maximise their efficiency and profits. Not to mention the fact that the complexity of the energy sector, which involves a multitude of actors, forces companies to use solutions that bring intelligence to their planning and processes.
The application of technological trends such as Process Mining, Machine Learning or Mathematical Optimisation helps energy generators, distributors and marketers to improve their decision-making, maximise the performance of their resources, minimise risk and manage current uncertainty, ensuring a profitable supply at all times.
In this Whitepaper you will find:
– Snapshot of today’s energy sector
– Challenges in the sector
– Technological solutions to improve the efficiency of operations and processes
Do you want to maximise your company’s operational efficiency thanks to technological solutions?
Fill in the form and download the Whitepaper 👇
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