#Smart Electric Meter Market

[devidhardy]

The Smart Electric Meter Market refers to the global industry focused on the development, manufacturing, and implementation of advanced metering solutions designed to measure and record electricity consumption. Unlike traditional mechanical meters, smart electric meters utilize digital technology and communication systems to transmit real-time data to both consumers and utility providers.

[seoexpertswizard]

Global Smart Electric Meter Market Share, Trends, Analysis, Report and Forecast 2023-2028

The smart electric meter is a critical component of the smart grid infrastructure since it can communicate with data collection points in both directions. As a result, the smart grid market would have an immediate impact on the smart electric meter market.

[poojagblog-blog]

/PRNewswire/ -- The global Smart Meter Market is anticipated to grow from estimated USD 26.36 billion in 2024 to USD 46.14 billion by 2030, at a CAGR of 9.8% during the forecast period. Utilization of electric, gas and water smart meters transformed how utility operations are conducted. The advancement of smart meters combined with sensors and control systems and communication components lets utility systems operate in real-time. These time-based tariffs allow more efficient management of electricity, gas and water distribution since they account for periods of changing customer needs and supply costs. Smart electric meters deliver accurate power consumption data through their specific time tick measurements which correspond to electricity market clock intervals. Energy providers utilize this capability to establish off-peak price plans with reduced rates which drives consumers toward off-peak energy utilization.

[stopsmartmetersaustralia]

AEMC moves to accelerate the roll out of smart meters in Australia

The Australian Energy Market Commission (AEMC) has made a draft rule designed to turbocharge the deployment of smart meters. The draft rule determination states that the rule would achieve ‘universal uptake of smart meters in the NEM [National Energy Market] by 2030’. The new rule represents a major departure from the ‘Expanding competition in metering and related services’ electricity rule that…

[industryarcreport]

Smart Electricity Meters Market - Forecast(2024 - 2030)

A power meter is an electric device that measures the amount of energy consumed for billing purposes. It also comes with monitors, so you can better understand your energy usage. The monitoring of the power quality helps to lower the energy costs and to prolong the machine's life. Smart metering is such a complete end to end solution which minimizes the several errors and helps in distributing Quality Power.

Read More Here: https://tinyurl.com/3vzcpkfw

The conditions/ environment of operation of power meters are not the same as it was a few decades ago owing to the dynamism of this market. Smart Electricity Meters Market is constantly evolving thus facilitating development of new technologies. Ever-changing technology combined with addition of new product lines are the major drivers for this industry. The traditional meter usually has a metal disc that rotates as power is consumed. The disc is actually part of an electric motor that rotates at a speed that is proportional to the product of the voltage and the current being supplied.

Request For Sample: https://tinyurl.com/5n6tc2u6

Electronic Energy Meter is based on Digital Micro Technology (DMT) and uses no moving parts. So the EEM is known as “Static Energy Meter” In EEM the accurate functioning is controlled by a specially designed IC called ASIC (Application Specified Integrated Circuit). ASIC is constructed only for specific applications using Embedded System Technology. Similar ASICs are now used in Washing Machines, Air Conditioners, Automobiles, Digital Camera etc. Owing to benefits such as reducing energy consumption, more accurate, lower price as well as lower power consumption, power meters are being used across industry verticals. However, Oil and gas, chemical Industry, power generation and water treatment are key end use industries of the Global Smart Electricity Meters Market. Asia-Pacific is the leading market for Smart Electricity Meters with China leading the charge. Asia-Pacific region is forecast to have highest growth in the next few years due to growing adoption of power meter in industrial applications. Asia power metering accounts to XX% of the global market for Power Metering and is the fastest growing market followed by Americas. In Americas, Oil & Gas industry as well as Chemical industry is the major end users of Power Meter. North America and Asia together are estimated to occupy a share of more than XX% during 2018-2023.

[1-2-3-4-4498-0]

The Smart Electricity Meters are replacing traditional electricity meters. Smart electricity meters facilitate the in-line communication of electricity suppliers with consumers electricity meters eliminating the manual intervention in meter readings. Smart Electricity meters provide consumers with an accurate real time data of their energy consumption whilst rendering a greater control over electricity consumption. The smart electricity meters also help the consumer in selecting tariff plans tailored to fit their energy consumption.

[aishavass]

Asia Pacific region, due to regulatory conditions and uniform policies, has highest deployment of smart electricity metering systems...

[rjzimmerman]

Electricity That Costs Nothing—or Even Less? It’s Happening More and More. (Wall Street Journal)

Excerpt from this Wall Street Journal story:

Most people pay a fixed price for each kilowatt-hour of electricity they consume throughout the day. The price is set by their power company and only changes at infrequent intervals—once a week, a month or even only once a year.

Van Diesen, a software salesman, recently signed up to receive electricity from two providers that charge him the hourly price on the Dutch wholesale power market, rather than a fixed price that resets monthly or annually. When the price of electricity falls low enough, smart meters in his house begin charging his two electric cars.  

Wholesale prices swing wildly each hour of the day, and even more so as a larger share of electricity flows from wind and solar installations. Because the generation costs of wind or solar farms are negligible, market prices will be near zero when there is enough renewable power to cover most of a region’s electricity demand. 

Electricity market dynamics get weirder when renewable-energy producers don’t have an incentive to stop feeding power into the grid, usually because of government subsidies. Then grids can be flooded with excess power, pushing prices into negative territory.

Van Diesen said he’s made 30 euros, equivalent to around $34, over the past five months charging his car, enough to cover the service fee from his power supplier, a Norwegian company called Tibber.

“I’m charging the car for free,” said van Diesen, who is part of a group of clean-energy enthusiasts in the Netherlands who call themselves green nerds. “To me it’s also like a hobby and a game—how far can I go?”

Doing laundry in the evening? The electricity could be free a few hours later when demand dies down and the wind picks up. Likewise, in regions with lots of solar power, charging an electric vehicle in the morning is usually far more expensive than powering up under the midday sun—or whenever the price is right.

In the U.S., most states don’t currently allow such real-time pricing, but many think that will change. Already, in some of the world’s biggest economies from Western Europe to California, the occurrence of zero and negative wholesale power prices is growing fast.

Wholesale prices across continental Europe have fallen to zero or below in 6% of all hours this year, up sharply from 2.2% in 2023 and just 0.3% in 2022, according to data collected by Entso-E, the group of European transmission system operators. In markets with lots of renewable capacity, this year’s figure was higher: 8% in the Netherlands, 11% in Finland and 12% in Spain. Analysts expect those numbers will grow as more solar panels and wind turbines are installed.

The changes sweeping Europe’s electricity markets, which were accelerated by the energy crisis brought on by the war in Ukraine, show what could happen in the U.S. in a few years when renewable capacity reaches a similar scale. In 2023, 44% of EU electricity was generated by renewables, compared with 21% in the U.S.

[captaindibbzy]

One of the founding principals of conservatism is less government. Like, they want less government involvement in day to day life and they think the free market should be open to let people make free choice. It's one of the reasons they hesitated so much about lockdowns during the main body of the pandemic. The idea of restricting freedom in such a way is in direct contrast to the principals of their core ideology.

And it's really interesting what they ARE willing to legislate vs what they're not willing to do.

For example here are some things they ARE willing to legislate; the sugar tax, trans healthcare, smoking, the right to strike, unemployment benefits, disabled benefits, the right to protest, minimum wage, how much it costs to get on a bus, how much gas and electricity costs per unit, smart meters, COVID vaccines, among other things.

By contrast some things they really don't want to get involved in: trains, roads, the NHS, the price of food, training people, taxing the rich, legislating whether international criminals can use our banks to launder money, housing (particularly council housing and building council housing), beating children as punishment.

This isn't about whether they are right or wrong to legislate these things or not. It's just that they're willing to step in and legislate when it is beneficial to them and they're very quick to toss out things that are hard work or unimportant, or stop things they benefit from.

We'll tell you what to eat, and that you must work even if it's not worth it to you or even actively harmful for you. We'll make sure private companies we like are getting money out of the public purse, but we think you having £40 a year more to give to private corporations is more important than funding the NHS or fixing the roads.

[darkmaga-returns]

Starting in the early 1930s, the Technocracy movement was obsessed with control over energy. The first two requirements laid down for Technocracy in 1934 were (1) Register on a continuous 24-hour-per-day basis the total net conversion of energy and (2) By means of the registration of energy converted and consumed, make possible a balanced load.” You could easily see this exact wording on your modern energy bill.

As I wrote in Technocracy’s Necessary Requirements,

Conversion of energy means creating useable energy from stored energy like coal, oil or natural gas; when they are burned, electricity is generated. Hydroelectric and nuclear also convert energy. There were two reasons to keep track of useable energy: First, it was the basis for issuing “energy script” to all citizens for buying and selling goods and services. Second, it predicted economic activity because all such activity is directly dependent upon energy. (Note that Technocrats intended to pre-determine how much energy would be made available in the first place.)

Once available energy was quantified, it was to be allocated to consumers and manufacturers so as to limit production and consumption. Technocrats would have control of both ends, so that everything is managed according to their scientific formulas.

The modern Smart Grid, with its ubiquitous WiFi-enabled Smart Meters on homes and businesses, is the exact fulfillment of these two requirements. The concept of “energy web” was first revitalized in 1999 by the Bonneville Power Authority (BPA) in Portland, Oregon. A government agency, BPA had a rich history of Technocrats dating back to its creation in 1937. The “energy web” was renamed Smart Grid in 2009 during the Obama Administration. Note that Smart Grid was a global initiative that intended to blanket the entire world with this new energy control technology.

If America were to face this reality, these Technocrat charlatans would be thrown into the dustbin of history. Unfortunately, policy leaders like Heartland Institute are blind to it. ⁃ Patrick Wood, Editor.

When electric power was a novel idea and just beginning to be adopted in urban centers, the industry had a Wild West feel to it as multiple companies strung wires, opened power plants, and sold electricity on an unregulated market. Competition was fierce, but state and local governments concluded that the inefficiencies and redundancies endangered the public and imposed higher costs.

So states set up service territories with monopolistic or oligopolistic service providers, who were entrusted with providing reliable power and sufficient reserve for peak periods in return for being guaranteed a profit on rates proposed by the utilities but approved or set by newly established state public utility commissions (PUCs). These commissions were charged with ensuring public utilities served the general public universally within their territory, providing reliable service at reasonable rates.

Much has changed since then. Politicians began to supplant engineers to decide, based on self-interested calculations, what types of power should be favored and disfavored, and what types of appliances and modes of transportation Americans could use. As the 21st century dawned, a new consideration entered the picture: Climate change.

Under the banner of combatting global warming, utilities were at first encouraged and then coerced into adopting plans and policies aimed at achieving net zero emissions of carbon dioxide. The aim of providing reliable, affordable power – the rationale for the electric utilities’ monopolies in the first place – was supplanted by a controversial and partisan political goal. Initially, as states began to push renewable energy mandates, utilities fought back, arguing that prematurely closing reliable power plants, primarily coal-fueled, would increase energy costs, compromise grid reliability, and leave them with millions of dollars in stranded assets.

Politicians addressed those concerns with subsidies and tax credits for renewable power. In addition, they passed on the costs of the expanded grid to ratepayers and taxpayers. Effectively, elected officials and the PUCs, with a wink and a nod, indemnified utilities for power supply failures, allowing utilities to claim that aging grid infrastructure and climate change were to blame for failures rather than the increased percentage of intermittent power added to the grid at their direction.

Today, utilities have enthusiastically embraced the push for renewable (but less reliable) resources, primarily wind and solar. PUCs guarantee a high rate of return for all new power source (wind, solar, and battery) installations, which has resulted in the construction of ever more and bigger wind, solar, and battery facilities. The costlier, the more profitable – regardless of their compromised ability to provide reliable power or the cost impact on residential, commercial, and industrial ratepayers.

A new report from The Heartland Institute demonstrates the significant financial incentives from government and financiers for utilities to turn away from affordable energy sources like natural gas and coal, and even nuclear, and instead aggressively pursue wind and solar in particular. All of this is done in the name of pursuing net zero emissions, which every single major utility company in the country boasts about on their corporate reports and websites. Reliability and affordability come secondary to the decarbonization agenda.

[industrynewsupdates]

Future of Power Transformer Market: Innovations and Developments

The global power transformer market was valued at USD 22.83 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 7.1% from 2023 to 2030. This growth is primarily driven by the increasing demand for electricity in both emerging and developed countries, coupled with significant investments in infrastructure. As urbanization and industrialization continue to accelerate, the need for reliable and efficient power distribution systems is expected to fuel market growth. Additionally, the rising focus on modernizing the existing energy grid systems and improving energy efficiency will be key factors driving the demand for power transformers over the forecast period.

A major contributing factor to the market's expansion is the growing adoption of smart grid technology. The development of smart grids, which incorporate advanced technologies like smart meters and automated control systems, is creating a significant demand for more sophisticated power transformers. Smart meters, in particular, are integral to the efficient functioning of smart grids as they enable real-time monitoring and management of energy consumption. The widespread push for smart grid development, along with government initiatives to modernize power infrastructure, is expected to have a positive impact on the power transformer market over the next several years.

In addition to smart grids, the power transformer market will be further supported by the rising focus on renewable energy sources and the increasing need to develop transmission networks for remote and off-grid locations. The integration of non-traditional energy sources, such as wind, solar, and hydropower, into the power grid requires efficient power transformers that can manage variable power outputs and ensure reliable electricity distribution. 

Gather more insights about the market drivers, restrains and growth of the Power Transformer Market

Phase Insights

The power transformer market can be segmented based on phase type into two categories: single-phase and three-phase transformers. As of 2022, the three-phase transformer segment accounted for the largest share of the market, with a dominant market share of 62.2%. This segment is expected to grow at the fastest rate, with a projected CAGR of 7.2% by 2030.

Three-phase transformers are widely used in various industrial applications due to their high efficiency and ability to handle large power loads. They are commonly used in industries such as manufacturing, mining, petrochemicals, automation, and telecommunications, among others, for both power generation and distribution. These transformers are especially suited for industrial settings because they are more affordable, compact, and lightweight compared to other transformer types, especially when dealing with high power ratings.

In addition to being cost-effective, three-phase transformers offer several operational advantages. They are ideal for low-voltage distribution systems that experience high fluctuations in voltage. Their design allows for superior isolation, common-mode interference suppression, and they can be customized to meet specific end-user requirements. Furthermore, they are particularly effective in environments that require a stable and continuous power supply, making them indispensable for a wide range of applications, including precision machinery and automated systems.

Given their many advantages and the growing number of industries relying on them, three-phase transformers are expected to continue dominating the market and experience robust growth during the forecast period. Their versatile applications and increased adoption across multiple industrial sectors further underline their critical role in the development of power distribution systems worldwide.

Order a free sample PDF of the Power Transformer Market Intelligence Study, published by Grand View Research.

[prabhatheblogger]

Helfinch Introduces Advanced EV Charger Cables for the USA Market

Helfinch, a leading innovator in the lighting and electrical industry, is proud to announce the launch of its latest product line: the advanced EV charger cables specifically designed for the USA market. These cables embody the company’s commitment to quality, innovation, and customer satisfaction, making them one of the best choices for electric vehicle (EV) owners in the United States.

Advanced Features for a Superior Charging Experience

Helfinch’s EV charger cables are packed with the latest features to ensure a reliable and efficient charging experience for all EV users. Here are some of the standout features that make Helfinch EV charger cables a top choice:

1. Durability and All-Weather ProtectionHelfinch EV charger cables are built to withstand the toughest conditions. With the highest Ingress Protection (IP) rating, these cables are dust-tight and protected against powerful water jets, ensuring they perform exceptionally well in any weather condition. Whether it’s rain, snow, or extreme heat, Helfinch cables maintain their integrity and functionality, providing peace of mind to users who need to charge their vehicles outdoors.

2. Smart Charging FeaturesThe smart charging capabilities of Helfinch cables set them apart from the competition. These features allow for efficient energy use, ensuring that your vehicle is charged optimally without overloading the power supply. Smart charging also provides users with the ability to schedule charging times, monitor energy consumption, and receive notifications via a user-friendly app. This level of control and convenience enhances the overall EV ownership experience.

3. Fast Quick ChargingOne of the most critical factors for EV owners is the speed of charging. Helfinch EV charger cables support fast quick charging, significantly reducing the time it takes to charge your vehicle. This feature is particularly beneficial for those who need to recharge their EVs quickly between trips. With Helfinch, you can get back on the road faster, making these cables ideal for both daily commutes and long-distance travel.

4. Extra Long SizesTo accommodate various user needs and charging setups, Helfinch offers its EV charger cables in extra-long sizes of 10, 15, and 20 meters. This range of lengths ensures that no matter where your charging station is located, you will have enough cable to reach your vehicle comfortably. This flexibility makes Helfinch cables suitable for a wide range of residential and commercial charging applications.

5. Multiple Color OptionsUnderstanding the importance of aesthetics and customization, Helfinch provides its EV charger cables in four distinct colors: Yellow, Green, Black, and White. This variety allows customers to choose a color that best matches their personal preference or vehicle color, adding a touch of personalization to their EV charging experience.

Top Selling Variants

Helfinch offers a variety of EV charger cables, each designed to meet different needs and preferences. Our top sellers are:

**NEMA 14–50 Plug with J1772 Connector** This is the most common and versatile option for Level 2 charging in homes. It plugs into a 240V outlet and is compatible with most electric vehicles (EVs) in the US. This variant is highly favored for its reliability and ease of use.

**NEMA 6–50 Plug with J1772 Connector** Another popular option for Level 2 charging, the NEMA 6–50 plug is often used in homes with older electrical systems. It also plugs into a 240V outlet and is compatible with most EVs. This variant is ideal for homes that may not have been updated to the latest electrical standards but still require efficient and effective charging solutions.

**Tesla Compatible Connector** Tesla vehicles use a proprietary connector, but Helfinch offers J1772 to Tesla adapters that allow Tesla owners to use standard Level 2 chargers. This flexibility ensures that Tesla drivers can benefit from the superior quality and features of Helfinch charger cables without any compatibility issues.

Our Additional Features

**Amperage Options** Helfinch understands that different EVs have different charging capabilities. Therefore, we offer both 16A and 32A chargers. This allows users to choose the appropriate amperage based on their vehicle’s specifications, ensuring efficient and safe charging.

**Smart Features** For added convenience, Helfinch cables come with smart features like Wi-Fi connectivity, energy monitoring, and scheduling. These features allow users to monitor their charging sessions, schedule charging times to take advantage of off-peak electricity rates, and receive real-time notifications about their charging status.

Available Exclusively Online

Helfinch has strategically chosen to make these premium EV charger cables available exclusively through online stores, including Amazon. This decision allows the company to reach a broader audience and provide customers with the convenience of shopping from the comfort of their homes. By leveraging the extensive reach and trusted service of Amazon, Helfinch ensures that its customers have easy access to these high-quality products with fast and reliable delivery options.

Why Choose Helfinch EV Charger Cables?

Helfinch has established a strong reputation in the electrical and lighting industry, known for its dedication to innovation, quality, and customer satisfaction. Here are several reasons why choosing Helfinch EV charger cables is a wise investment for any EV owner:

**1. Proven Track Record**With years of experience in developing high-quality electrical products, Helfinch brings its expertise and commitment to excellence to the EV charger cable market. Customers can trust that they are purchasing a product from a reputable company that prioritizes performance and reliability.

**2. Cutting-Edge Technology**Helfinch is always at the forefront of technological advancements. The inclusion of smart charging features and fast charging capabilities in its EV charger cables demonstrates the company’s commitment to integrating the latest technology into its products. This ensures that customers receive the most efficient and convenient charging solutions available.

**3. Exceptional Customer Support**Customer satisfaction is a top priority for Helfinch. The company provides comprehensive support for all its products, including detailed user manuals, online resources, and a dedicated customer service team ready to assist with any questions or concerns. This level of support ensures that customers can enjoy a hassle-free experience from purchase to use.

**4. Environmental Responsibility**Helfinch is committed to sustainability and environmental responsibility. By promoting the use of electric vehicles and providing efficient charging solutions, the company contributes to the reduction of carbon emissions and supports the global shift towards greener transportation options. Helfinch’s EV charger cables are designed to be energy-efficient, helping users minimize their environmental footprint.

**5. Competitive Pricing**Despite the advanced features and high-quality materials used in Helfinch EV charger cables, the company offers these products at competitive prices. This ensures that customers receive excellent value for their investment, making Helfinch a cost-effective choice for premium EV charging solutions.

Our Customer Testimonials

The launch of Helfinch’s EV charger cables has already garnered positive feedback from early adopters. Here are a few testimonials from satisfied customers:

John Murray. — New York, NY “I’ve tried several EV charger cables before, but Helfinch’s cables are by far the best. The durability is outstanding, and the fast charging feature is a game-changer. Plus, the extra-long cable length means I can easily charge my car no matter where I park in my garage.”

Samantha Klein. — Los Angeles, CA“The smart charging features on these cables are fantastic. I love being able to monitor my charging sessions and schedule them to take advantage of lower electricity rates. The app is easy to use, and the notifications are super helpful. Highly recommend!”

Michael Bevan. — Chicago, IL“I purchased the 20-meter cable in yellow, and it’s perfect for my setup. The all-weather protection means I don’t have to worry about the cable getting damaged, even during heavy rain. Great product and excellent value for money.”

Conclusion

Helfinch is setting a new standard in the EV charger cable market with its innovative, durable, and feature-rich products. Designed to meet the needs of modern EV owners, Helfinch’s cables offer unparalleled performance, convenience, and reliability. Available in various lengths and colors, these cables are perfect for any charging setup and aesthetic preference.

By choosing Helfinch, customers are investing in a product backed by a company with a proven track record of quality and innovation. Whether you are a new EV owner or looking to upgrade your current charging equipment, Helfinch EV charger cables provide the best solution for a seamless and efficient charging experience.

Explore the future of EV charging with Helfinch. Visit our online store on Amazon today and join the growing community of satisfied customers who trust Helfinch for their EV charging needs.

[poojagblog-blog]

The global Smart Meter Market Size is projected to reach USD 36.3 billion in 2028 from USD 23.1 billion in 2023 at a CAGR of 9.4% according to a new report by MarketsandMarkets™. The emergence of electric, gas, and water smart meters has revolutionized utility operations. With advancements in smart meters, sensors, control systems, and communication components, utility systems can be monitored in real-time. These dynamic tariffs promote efficient use of electricity, gas, and water by reflecting variations in demand, availability, and delivery costs over time. For instance, smart electric meters help provide a reliable reading of power consumption at specific time intervals that match electricity market intervals. This enables energy companies to create tariffs adjusted to off-peak periods with lower prices and encourages customers to adjust their consumption so that they use energy when it is cheaper.

[cmipooja]

Global Decarbonization Service Market Is Estimated To Witness High Growth Owing To Growing Environmental Concerns

The Global Decarbonization Service Market is estimated to be valued at US$69.73 billion in 2023 and is expected to exhibit a CAGR of 12.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. This market involves the provision of decarbonization services that help reduce carbon emissions and promote sustainable energy practices. With increasing concerns over climate change and the need to transition towards clean energy sources, organizations and governments around the world are seeking decarbonization solutions. These services offer various advantages, such as reduced environmental impact, improved energy efficiency, and compliance with regulatory standards. Market key trends: Technological advancements driving decarbonization efforts One key trend in the global Decarbonization Service Market is the increasing focus on technological advancements to drive decarbonization efforts. Advancements in renewable energy technologies, energy storage systems, and carbon capture technologies are enabling organizations to adopt more sustainable practices. For example, the implementation of smart grids and advanced metering infrastructure allows for better monitoring and management of energy consumption, leading to optimized energy usage and reduced carbon emissions. Similarly, the development of carbon capture and storage technology enables the capture and sequestration of CO2 emissions from industrial processes, reducing their impact on the environment. PEST Analysis: - Political: Governments worldwide are implementing policies and regulations to encourage decarbonization. This includes carbon pricing mechanisms, renewable energy targets, and incentives for clean energy adoption. - Economic: The economic benefits of decarbonization, such as cost savings from improved energy efficiency and the creation of green jobs, are driving market growth. Additionally, the declining costs of renewable energy technologies make them more affordable and attractive alternatives to fossil fuels. - Social: Increasing public awareness and concern about climate change are driving demand for decarbonization services. Consumers and organizations are actively seeking sustainable solutions to reduce their carbon footprint and contribute to a greener future. - Technological: Technological advancements, as mentioned earlier, are playing a crucial role in accelerating decarbonization efforts. The development of innovative solutions and the integration of renewable energy sources into existing infrastructure are enabling a more sustainable energy transition. Key Takeaways: 1: The Global Decarbonization Service Market Size is expected to witness high growth, exhibiting a CAGR of 12.3% over the forecast period. This growth is driven by increasing environmental concerns and the need for sustainable energy practices. For example, the rising global temperatures and extreme weather events are motivating governments and organizations to adopt decarbonization services. 2: In terms of regional analysis, North America is expected to be the fastest-growing and dominating region in the Decarbonization Service Market. This can be attributed to government initiatives promoting clean energy adoption, favorable regulatory frameworks, and high awareness among consumers about the importance of decarbonization. 3: Key players operating in the global Decarbonization Service Market include Schneider Electric, ENGIE, Siemens, AECOM, EDF Group, Johnson Controls, DNV, Honeywell, Carbon Clean Solutions, Green Charge Networks (ENGIE Impact), ERM (Environmental Resources Management), First Solar, Tesla, CarbonCure Technologies, and Ørsted. These companies are actively providing decarbonization services and developing innovative solutions to address the increasing demand for sustainable energy practices.

[charity-angel]

Let us not forget that the argument for privatisation was that it would encourage competition and this drive prices down.

It's only been in the last decade that businesses in England & Scotland have been able to actually choose their water supplier. They still can't in Wales unless they use more than 50ML (13 million US gallons) a year. Households still cannot choose - we're stuck with whatever private company happens to currently operate locally.

The railways are/were similar - you are/were beholden to whichever private company is permitted to run in the area you are travelling. The network is in the process of being re-nationalised, but there are contracts the government can't afford to just cancel, so they're having to let them run until the end.

(and government run isn't necessarily better - Northern has been nationalised for years, because the franchisee was kicked out because they were crap, and yet it's still just as crap now as it was on 2019)

And the commercial markets for gas, electricity, and water are all so complicated that most companies employ a broker to do the work for them. And even the brokers don't always 100% understand what every option is, because it's SO complicated. And the industries don't make things clear about the options (very likely on purpose).

And then there's the "smart meters = cheaper" scam. They won't make your electricity cheaper. They certainly won't make your gas cheaper. What they will do, for electricity, is allow the industry as a whole to better plan production, so that there is less wasted. Unlike water & gas, electricity can't easily be stored, so excess just goes to waste. With enough data from enough smart meters, it gets easier and easier to predict what the actual requirements are for any given 30 min period, and produce accordingly.

This will, IN TIME, cause prices to come down, because there will be less wasted production. But in the short term, nope. Especially if you're on a single rate supply, rather than a day/night, or have an off-peak tariff.

Oh, and let's not forget the farce that the industry is currently doing - changing meter types. They're changing domestic smart meters, to reclassify them as half-hourly (because they collect usage data every half hour). But the only meter category for half-hourly is for commercial meters. So what are the idiots doing? Yep, they're reclassifying domestic meters as commercial, which blocks the poor customer's ability to change supplier, or even just tariff, because they "no longer have a domestic supply"!

And my supplier hid that they'd done this on my bills. I found out when a new supplier wasn't able to take my meter on because of this exact issue.

tl;dr

The privatised system SUCKS for the most part. But given the government couldn't organise a piss-up in a brewery, nationalising won't be any better