Barcelona, March 31, 2023
While digital innovation is part of the solution in the current context of rising energy prices, inflation, and scarcity of raw materials, at DIGIO, we are working to promote a disruptive energy revolution that you can also benefit from. Shall we analyze the current energy situation and its future together?
What is causing the current surge in energy prices?
In social and economic reality, there is never a single cause. Changes in the energy sector occur simultaneously with many ongoing modifications. The combination of these factors has led to the well-known escalation of energy prices that we have recently experienced (and which may be far from subsiding):
What is the main consequence for the energy sector? Continuous price increases in electricity and its derivatives since 2021 and throughout 2022.
Negative factors for energy in Spain
Although Spain relies on theoretically renewable primary energy sources to the extent of 40%, their utilization is intermittent in practice. When solar activity decreases in winter and wind is absent in summer, the power system has to resort to natural gas as a backup source. It is precisely the resource that has experienced the highest cost increase in recent months.
Furthermore, before considering saving on your electricity bill, you should know that taxes and levies often account for more than 50% of the total amount. In short, these are the three major problems of energy in Spain:
Towards solutions through digital innovation
At DIGIO, we aim for three potential courses of action to facilitate the solution to this problem:
Structural measures. Reopening the controversial and debated discussion about the use of nuclear energy or fracking. Are they truly clean, sustainable, and profitable in the medium and long term? These are options that should be carefully analyzed, weighing their pros and cons in the short, medium, and long term.
Competitive tactics and policies. It is important to work towards reducing additional costs on electricity bills. Further liberalizing the sector could attract more competition and, in turn, increase supply, which always leads to a decrease in prices.
Disruption as a driving force. To achieve short-term results, we must embrace change. In this sense, promoting self-consumption and self-production of energy appears to be the best alternative. Covering the numerous sunny terraces in our country with solar panels is no longer just an aspiration
but becoming a reality.
How to promote self-consumption
Adopting public policies to support and finance self-production installations, surplus monitoring and grid injection is the starting point.
We believe it would be beneficial to:
Digitalization offers us an additional opportunity: creating energy communities. For example, neighbors who come together to install and collectively benefit from renewable energy sources. Similarly, it is important to facilitate the sale of domestic surplus production. Establishing a transparent, competitive, and functional system is a priority.
Do you want to know how we envision the future? At DIGIO, we visualize an explosion of digital platforms that will bring more liquidity, efficiency, sustainability, and profitability to the energy system. We are not only foreseeing it, but we are already working in that direction, becoming decisive agents in the development of some of these platforms. For example,
Our conclusion is clear: through this digital innovation, we are advancing towards an unstoppable energy democratization. This revolution is the result of a multifactorial and unsustainable energy disruption. At DIGIO, we believe in and work towards it. Get informed about these digital solutions! Contact us now.