World Bulletin / News Desk
Smart technology and regulation will help counter challenges in the global power sector in decarbonization, and in competitiveness in the energy market, according to Professor Maria Teresa Costa Campi, from Barcelona University of Spain.
Addressing the ongoing World Forum on Energy Regulation in Istanbul during the final plenary session entitled "Towards Smart Regulation," Costa Campi said that smart regulations will be an optimal means in designing the energy system of the future.
According to the Council of Energy Regulators (CEER), smart meters, smart grids and smart regulation are key enablers for a move towards a low carbon society for the benefit of all.
"Customers have better opportunities not only to reduce consumption but also to produce energy themselves," CEER's official website said.
Additionally, smart meters, in conjunction with smart regulations, incorporates time-of-use tariffs and ease of use for customers so they can have greater control over their energy use, while offering them the possibility of being more energy efficient while saving money.
Finally, she said that smart regulation is expected to play a significant role in the future development of instruments that will help meet the power sector's challenges in which almost all countries are facing today.
David Gray, the chairman of the U.K.-based regulatory authority, OFGEM, which regulates the U.K.'s electricity and gas markets, said that there are conceptual challenges in understanding "smart technology" in the energy sector.
"Almost all equipment we use are called 'smart' such as smart phones, smart meters, smart grids and smart TVs," he said.
He underline the importance of smart regulations, and counted some of the benefits as allowing greater control for customers in their own energy efficiency as well as having a system which is adaptable to changing conditions.
The four-day forum, which aims to develop a common approach to energy regulation by gathering regulatory representatives from around the world, will end on May 28.
More than 100,000 people -- half of them children -- die every year due to waterborne diseases, experts say
Located in the bustling Adjame quarter of Ivory Coast's main city and commercial hub, the haven for fake medicine has been targeted time and again by authorities and stockpiles burnt.
Seven firms to receive ecolabel certifying that their products are environment-friendly
Disasters saddle U.S. with $306 billion price tag, cause 362 deaths
Association for Prevention of Drug Abuse head says close to more than 2.5 million children are drug addicts in Bangladesh
King penguins are certainly accustomed to chilly weather, more so than species like the Humboldt that prefer somewhat warmer climes, said zoo curator Malu Celli.
Some eight million children and teenagers across the Southeast Asian nation will receive the shot to prevent further spread of the disease which is caused by a bacterial infection.
Two players vomited on the pitch, and play had to be halted briefly.
French pharmaceutical giant Sanofi announced Wednesday that its world-first dengue vaccine could lead to more severe symptoms for people who had not previously been infected.
Doctors Worldwide Turkey says it has performed 3,000 cataract surgeries in Horn of Africa country
Over 40,000 cases of cholera seen in Democratic Republic of Congo since July, says Health Ministry
Decked out in red to signify their "Stop Coal" campaign, the protesters chanted and beat drums as they snaked through the former West Germany capital toward the UN centre that will host the 12-day, 196-nation talks, tasked with implementing the landmark Paris Agreement.
The Greenhouse Gas Bulletin, the UN weather agency's annual flagship report, tracks the continent of dangerous gasses in atmosphere in the post-industrial era (since 1750).
£10 ($13) tax introduced to cut British capital's poor air-pollution records
Despite all-out efforts to give the Chinese Communist Party blue skies for its twice-a-decade congress, Beijing's notorious smog has cloaked the mega-city in its trademark toxic haze.
Equipment donation to children's oncology institute is first project of state-run aid agency TIKA in Brazil