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Beyond the Math: Preparing for Disruption and Innovation in the US Electric Power Industry

Beyond the Math: Preparing for Disruption and Innovation in the US Electric Power Industry

Full Title:  Beyond the Math: Preparing for Disruption and Innovation in the US Electric Power Industry
Author(s):  Gregory Aliff
Publisher(s):  Deloitte University Press
Publication Date: March 1, 2013
Full Text: Download Resource
Description (excerpt):

A recent Deloitte report—The Math Does Not Lie: Factoring the Future of the US Electric Power Industry—suggests that the pace of change in the electricity sector is accelerating. It posits that this is due to both new technologies and projections for stagnant or even declining electricity consumption in the face of rising costs and changing customer attitudes and practices. If indeed the sector is changing in unusual ways, the time to innovate may be now. The key will be to develop innovative solutions that meet changing customer needs and expectations. This is not familiar territory for much of the industry. While the electric power sector has historically improved its performance in providing safe, reliable, and affordable electricity, its basic operating model for meet- ing customer requirements has not changed for decades. This report offers electric sector stakeholders a way to think about the industry’s coming evolution so that they can determine if, when, and how to pursue transforming their business models. It also challenges stakeholders as to whether their organizations have what it will take to break the constraints to true innovation and move confidently toward a profitable, successful future.

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