The value of energy data and its role in the market
Publication Date/Time
2022-11-08T23:00:00+00:00
Country
Europe
Discover energy-related open data and how it can support the European
energy market
In the past year, energy prices have been soaring and Europe has now
entered an ‘energy crisis
[https://www.nytimes.com/2022/11/01/business/europe-energy-crisis.html]’.
The war in Ukraine is one of the reasons for this, but it is not the
only factor that explains the current situation in Europe’s energy
market. Energy prices are sensitive to a range of economic, social,
political and environmental factors. 

What is behind the soaring energy prices of today? Can open data help
us to find the answer? Can open data on energy help to understand the
situation and create new policies? 

THE EUROPEAN ENERGY MARKET UNDER PRESSURE

Before showing examples of how organisations can use open energy data
to support Europe through its ‘energy crisis’, it is first
important to understand how the crisis came to be. 

Prior to 2022 and the war in Ukraine, the energy SUPPLY was already
declining for different reasons:

 	* a lack in investment in oil and natural gas
[https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/energy-transition/120721-need-for-investment-is-critical-for-oil-gas-industry-world-petroleum-congress-panelists#:~:text=Oil%20and%20gas%20investment%20declined,at%20the%20World%20Petroleum%20Congress.],

 	* the COVID-19  pandemic in 2020 disrupted the global energy market
[https://www.pwc.com/gx/en/issues/crisis-solutions/covid-19/energy-utilities-resources-coronavirus.html#:~:text=As%20well%20as%20affecting%20countless,are%20grounded%20and%20movement%20restricted.].
Supply chains were disrupted, planned maintenance work to be postponed
and electricity demand fell. Moreover, during the COVID-19 pandemic
[https://www.naturalgasintel.com/lng-production-outages-continue-to-test-tight-global-natural-gas-market/],
there were a series of unplanned outages at LNG liquefaction plants,
upstream supply issues, and unforeseen repair works, which all had a
negative influence on the energy supply. 
 	* energy storage sites across Europe have not been replenished to
the levels seen in previous years . 

In addition, EU has been relying on Russian crude-oil and natural gas
imports. For example, in 2020, 29% of the extra-EU crude oil imports
and 43% of EU’s natural gas imports came from Russia
[https://ec.europa.eu/eurostat/cache/infographs/energy/bloc-2c.html]. 

On the other side, the DEMAND for coal and natural gas has been
increasing since the first half of 2021, following the rebound of the
global economy. The International Energy Agency [https://www.iea.org/]
reported that the EU’s coal consumption increased by 14% in 2021
[https://www.iea.org/reports/coal-market-update-july-2022/demand],
compared to 2020. Moreover, coal consumption
[https://iea.blob.core.windows.net/assets/f1d724d4-a753-4336-9f6e-64679fa23bbf/Coal2021.pdf]
in the EU is expected to rise again by 7% in 2022
[https://www.iea.org/news/global-coal-demand-is-set-to-return-to-its-all-time-high-in-2022]
due to the switch from gas to coal for power generation. 
[https://data.europa.eu/sites/default/files/img/media/Picture1_3.png]
_Figure 1: Coal consumption resumes_

The decreasing supply and increasing demand for energy lead to rising
energy prices. After Russia’s invasion of Ukraine, the upward trend
became even steeper.

EUROPEAN OPEN DATA RELATING TO ENERGY

Data can support Europe to navigate through the energy crisis. Access
to open, reliable and accurate energy data helps policymakers to take
the right decisions to support countries to cope with the side effects
of the current energy crisis. In addition, these data can inform the
market on how to make the transition towards a more sustainable energy
production and consumption. 

A good source to find European open data relating to energy is
data.europa.eu [https://data.europa.eu/]. At the time of writing, the
official portal for the European data portal has 8 014 datasets
categorised as ‘Energy
[https://data.europa.eu/data/datasets?categories=ener&page=1&locale=en]’.
These datasets originate from EU and national public administration.
Examples are:

 	* Eurostat [https://ec.europa.eu/eurostat],  the statistical office
of the European Union (EU), publishes for example information on the
exports of natural gas by partner country
[https://data.europa.eu/data/datasets/apwoqkn64ox3zeppavkqog?locale=en],
crude oil imports by field of production
[https://data.europa.eu/data/datasets/shxq1h97ouyruy8bafkuw?locale=en]
and imports of oil and petroleum products by partner country
[https://data.europa.eu/data/datasets/eh2qcmuqywndfjsmooz7ma?locale=en].
It also publishes statistics on electricity prices
[https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Electricity_price_statistics].
These show the evolution of electricity prices, including taxes, for
household consumers within the EU: An error occurred while trying to
preview the media. Please save your work and reload this page.

 
[https://data.europa.eu/sites/default/files/img/media/picture%20energy.png]
_Figure 2: EU electricity price statistics, second half 2021_

 	* DG Energy [https://ec.europa.eu/info/departments/energy_en], the
European Commission’s department dealing with energy, publishes in
its weekly Oil Bulletin
[https://data.europa.eu/data/datasets/eu-oil-bulletin?locale=en],
 the consumer prices for petroleum products in EU countries. The map
[https://ec.europa.eu/energy/maps/maps_weekly_oil_bulletin/map_library_Oil_prices&taxation.pdf]
below shows the prices for three different types of petroleum fuel:
Euro Super 95, Diesel Oil, and Taxation Oil Prices. 

 
[https://data.europa.eu/sites/default/files/img/media/Picture3.png]
_Figure 3: EU Consumer Prices of Petroleum Products on 24/10/2022_

 	* The Swiss National Open Data Portal (opendata.swiss
[https://opendata.swiss/de]) publishes open data e.g. on ‘Smart
Road: Electric Car Charging Stations
[https://data.europa.eu/data/datasets/100047-kanton-basel-stadt?locale=en]’.
This dataset shows information, such as location and energy
consumption, collected from the e-charging stations in Basel. 

 
[https://data.europa.eu/sites/default/files/img/media/Picture4.png]
_Figure 4: Locations of sensors and e-charging stations in Basel,
Switzerland_

ENERGY-RELATED OPEN DATA SERVICES

Several public institutions and private companies across Europe are
already using (open) energy data to develop services for energy
producers and consumers. Some examples are:

 	* Open Energy [https://openenergy.ro/] – A Romanian platform where
24 public institutions publish every month their electricity
consumption. This platform makes it possible to monitor consumption
patterns, facilitates the exchange of best practices, encourages
energy efficiency investments, and supports responsible electricity
consumption. 
 	* OpenOil [https://openoil.net/about-us/] – A Germany company that
collects and visualises open data from government sources, NGOs, and
oil companies. OpenOil also publishes information such as oil
contracts and oil companies’ corporate filing. The information
available on the platform can e.g. be used by oil companies to
evaluate financial models and ongoing projects. 
 	* GreenHome [https://www.greenhome.nl/] – a Dutch website that
offers independent advice on how to create a more sustainable home.
This website uses public available data from different sources, such
as the Dutch cadaster
[https://zakelijk.kadaster.nl/open-data-kadaster-op-een-rij], Google
Earth [https://www.google.com/earth/], Actueel Hoogtebestand
[http://ahn.maps.arcgis.com/apps/webappviewer/index.html?id=c3c98b8a4ff84ff4938fafe7cc106e88]
(up-to-date information on heights) and open data on utility usage.
This data is then used to train algorithms that provide users with
custom-made information on energy neutral housing. 

OUTLOOK

Due to low energy supply and high demand, the EU is expected to face a
turbulent winter. Data can help public organisations and private
companies to develop services for citizens across Europe. These
services could e.g. provide customers with information on their energy
consumption patterns or give them advice on how to shift towards
renewable energy sources. 

In addition, data can support EU policy makers and civil servants in
creating and implementing plans and strategies to address the energy
crisis and provide support to citizens. This is exemplified in the
President of the European Commission Von der Leyen’s statement
[https://ec.europa.eu/commission/presscorner/detail/en/STATEMENT_22_5856]
on 28 September 2022. This statement outlines the steps the EU will
take to fight the high energy prices. 
