MaRS Library The Market Impact of Accessible Energy Data
This white paper examines the economic impact, market scope and growth potential of the innovation economy that will be created by establishing appropriate standards and mechanisms to allow data, including electricity consumption data, to be used in new solutions. Through better protocols for the transfer of usage data, innovative companies in Ontario will be better able to grow and thrive in the province and globally.
Due to the high level of smart meter penetration and implementation in the province, Ontario is poised to derive great economic and social value from the resulting millions of pieces of data, while becoming leaders in data management infrastructure. This data will be beneficial not only for electricity conservation efforts in the province, but also for job creation, trade, education and innovation purposes.