Leveraging Big Data Analytics to Drive Customer ...€¦ · Leveraging Big Data Analytics to Drive...

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Leveraging Big Data Analytics to Drive Customer Intelligence for Utilities Eoin McLoughlin Presentation at Dublin Energy Lab Seminar June 6 th 2014

Transcript of Leveraging Big Data Analytics to Drive Customer ...€¦ · Leveraging Big Data Analytics to Drive...

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Leveraging Big Data Analytics to

Drive Customer Intelligence for

Utilities

Eoin McLoughlin

Presentation at Dublin Energy Lab Seminar

June 6th 2014

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Agenda

Energy and Big Data

Market Opportunity

MCL Analytics

Final Thoughts

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Energy and Big Data

# of smart meters 15 minute

interval

1 minute interval 1 second interval

10,000 32.61 GB 489.0 GB 114.6 TB

100,000 326.10 GB 4.8 TB 1.1 PB

1,000,000 3.18 TB 47.7 TB 11.2 PB

Increasing Granularity of Data Unprecedented Levels of Data

Size of Data Wave is Unprecedented

Source: AutoGrid

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Energy and Big Data

Existing and forecast smart meter deployments by region, 2012-2022.

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Energy and Big Data

Existing and forecast smart electricity meter

deployments by country, 2012-2020.

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Energy and Big Data

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Market Opportunity

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Market Opportunity

Opportunity Areas Drivers

Revenue protection Detecting unauthorised use and recovering lost revenue

Voltage optimisation Using asset condition models to refine operational settings of

assets to save on power costs

Demand-response effectiveness Increasing participation in DR programmes and load savings

Load forecasting and planning Improving investment planning based on bottom-up demand

Outage detection and response Reducing outage costs from enhanced response to outages

Outage prevention Reducing equipment outages by focusing on assets with

highest risk of failure

Investment planning Revising priorities of asset investments based on analysis of

asset risk and consumer impact

Maintenance strategies Revising strategies based on condition and risk analytics

Energy efficiency Identifying and helping consumers improve their energy

efficiency

Energy services Targeting consumers for products and services most suited

Source: Accenture

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Market Opportunity

Source: GTM Research

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What we do….

MCL Analytics helps Utilities understand and

engage their customers more effectively by

providing actionable insights into consumer

behaviour drawn from big data.

MCL Analytics

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How we do it….

MCL Analytics

Stage 1

Stage 2

Stage 3

Clustering

Segment customers

based on ‘Time of Use’

Load Profile Characterisation

Determine Load Profiles for

each customer segment

Customer Profile

Classification

Relate Customer Characteristics

to a particular segment

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Targeted Marketing – Solar Example

• Problem: How to target the

right products and services at

the right customers?

• Solution: Using data

analytics to determine the

‘best fit’ based on ToU

consumption patterns and

consumer profile

characteristics.

• Benefits: Generate more

profit per customer and

greater revenue returns.

4:00 6:000:00 12:00 16:00 20:00

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Customer Service – Energy Efficiency Example

• Problem: How to improve customer service and add real value?

• Solution: Using data analytics to provide accurate insights into consumer consumption behaviour which can be used to improve customer service levels.

• Benefits: Improvecustomer retention and develop brand recognition in the marketplace.

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Operational Efficiencies – Portfolio Mix

Example

• Problem: How to increase

operational efficiencies?

• Solution: Using data

analytics to determine the

most optimal customer

portfolio mixes based on

different risk and return

profiles.

• Benefits: Reduced

exposure to wholesale

energy costs and

optimisation of asset base.

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Final Thoughts

• Utilities under pressure to become more innovative due to a number of factors:– Growth of renewables

– Emergence of distributed generation

– Creation of the Smart Grid

– Focus on energy efficiency

– Increased competition

• Harnessing ‘Big Data’ provides the capabilities to address many of these challenges and in a number of cases turn them into valuable opportunities.

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Acknowledgements