![Page 1: World Forum on Energy Regulation IV Athens, Greece October 18 - 21, 2009 Managing Energy Wrong: and What Regulators Can Do About It Walt Patterson, Associate](https://reader035.vdocument.in/reader035/viewer/2022070418/5697bff71a28abf838cbe68e/html5/thumbnails/1.jpg)
World Forum on Energy Regulation IV
Athens, Greece
October 18 - 21, 2009
Managing Energy Wrong:and What Regulators Can Do About It
Walt Patterson, Associate FellowChatham House, London
![Page 2: World Forum on Energy Regulation IV Athens, Greece October 18 - 21, 2009 Managing Energy Wrong: and What Regulators Can Do About It Walt Patterson, Associate](https://reader035.vdocument.in/reader035/viewer/2022070418/5697bff71a28abf838cbe68e/html5/thumbnails/2.jpg)
Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• We say 'energy' when we really mean oil; or coal; or natural gas; or electricity. They are not the same. They are not interchangeable.
![Page 3: World Forum on Energy Regulation IV Athens, Greece October 18 - 21, 2009 Managing Energy Wrong: and What Regulators Can Do About It Walt Patterson, Associate](https://reader035.vdocument.in/reader035/viewer/2022070418/5697bff71a28abf838cbe68e/html5/thumbnails/3.jpg)
Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• Technology is what matters. Oil by itself is useless. Natural gas is dangerous. Electricity is a process in technology. Fuels are only useful because of user-technology.
![Page 4: World Forum on Energy Regulation IV Athens, Greece October 18 - 21, 2009 Managing Energy Wrong: and What Regulators Can Do About It Walt Patterson, Associate](https://reader035.vdocument.in/reader035/viewer/2022070418/5697bff71a28abf838cbe68e/html5/thumbnails/4.jpg)
Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• We do not have 'energy demand'. We have to provide different energy services, with different user-technology, that may - or may not - require specific fuel or electricity.
![Page 5: World Forum on Energy Regulation IV Athens, Greece October 18 - 21, 2009 Managing Energy Wrong: and What Regulators Can Do About It Walt Patterson, Associate](https://reader035.vdocument.in/reader035/viewer/2022070418/5697bff71a28abf838cbe68e/html5/thumbnails/5.jpg)
Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• The competition that really matters is between fuel and technology. Better user-technology requires less fuel to deliver the same or better services.
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Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• ‘Energy’ companies now make more money by selling more fuel and electricity. Real energy policy will help them make money by investing in energy performance.
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Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• If governments and regulators change the rules, energy companies will change their business plans, to profit from upgrading our user-technology and infrastructure worldwide.
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Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• Energy policy and regulation are not just about oil, gas, coal and electricity. They are about technology and infrastructure: user-technology and user-infrastructure.
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Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• Regulators should take the lead, educate governments and companies, and change the rules. You and your colleagues can make energy business sustainable.
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Walt Patterson - World Forum on Energy Regulation IV - Athens, Greece - October 18-21, 2009
Managing Energy Wrong
• Walt Patterson On Energy <www.waltpatterson.org>