Full Title: State & Future of the Power Industry
Author(s): Navigant
Publisher(s): Pubilc Utilities Fortnightly
Publication Date: July 1, 2017
Full Text: Download Resource
Description (excerpt):
More than 400 participants weighed in on our survey about the future of electricity. Key findings revealed the industry perspective on mounting challenges, emerging technologies, and distributed energy resources.
- Nearly half of the respondents see increased penetration of DER as the most disruptive threat to traditional utility business models over the coming decade, and more than 60 percent believe it will force a major shift in business models in the next decade.
- Roughly 40 percent believe technology cost decline will be the greatest driver of clean, renewable energy adoption over the next decade.
- One-third ranked electrification of transportation as offering the most revenue growth potential for utilities.
- Over 40 percent of respondents agree that wind and solar, combined with storage, are the most viable resource alternatives to backfill declining baseload generation.
- Four in 10 respondents point to a supportive regulatory model as the most important tipping point for utilities to aggressively pursue owning and operating DER.
- And, over two-thirds of the respondents see energy platform provider or network orchestrator as the role for the future utility to pursue.