In the course of establishing innogy SE, individual International Business Councils (IBCs) were created in the second half of 2016 for the Grid & Infrastructure, Retail and Renewables operating segments within innogy SE, with the objective of advising innogy’s Executive Board and Supervisory Board on the challenges associated with the energy market transformation in particular.
The IBCs are also drivers for major societal and energy-industry trends such as innovation, decentralisation and digitisation. The Executive Board of innogy SE has appointed individuals to each of the IBCs whose professional energy industry and/or policy background means they have lengthy experience at a local or international level.
Tasks of the IBCs in detail
The task of the Grid & Infrastructure IBC is to advise the Executive Board and Supervisory Board of innogy SE in matters of creating, operating and using distribution systems for electricity and gas, both within Germany and abroad. These include expanding and extending the electricity and gas distribution system; integrating renewables into the distribution system for electricity and gas; and developing innovative systems for electricity and gas distribution systems (e.g. Smart Grid).
The task of the Retail IBC is to advise the Executive Board and Supervisory Board of innogy SE in matters of selling electricity and gas to wholesale and residential customers, both within Germany and abroad. These include developing innovative electricity and gas products; developing new business models; and developing and marketing intelligent efficiency solutions and products.
The task of the Renewables IBC is to advise the Executive Board and Supervisory Board of innogy SE in matters of generating and procuring electricity from renewables, both within Germany and abroad. These include developing innovative strategies for generating electricity from renewables; optimising the development, construction and operation of plants to generate electricity from renewables; and developing (interim) storage systems for renewables.
For their activities, the members of the IBCs shall receive a basic fee of €10,000 p.a. A fee of €2,500 shall be payable for participating in each session. It is expected that four sessions will be held each year.