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Future of Energy, Oil and Gas - Keynote Speaker
Smart power regulation means that spikes of electricity demand can be managed by automatically turning off certain devices in factories, offices and homes when the grid is under strain. It also means that electricity pricing can be varied from hour to hour depending on demand. Power companies have huge challenges managing peak demand and the result is wasted energy and extra costs. Take Australia: on the hottest four days a year, energy use can jump by over 50% compared to the average. 10% of the entire generating capacity of the country is used for just four days a year.
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