Full Title: Next Generation Utility: Finding a Path through the Haze
Author(s): PA Consulting
Publisher(s): PA Consulting
Publication Date: October 1, 2016
Full Text: Download Resource
Around the world, the electric utilities industry is talking about low carbon, renewables, commodity prices, distributed energy resources (DERs), smart grid, customer engagement, shareholder value, workforce transformation and the impact all or some combination of these factors are likely to have on the traditional business models for energy suppliers and network operators. The influence these forces are having on the industry clearly depends on geography, as well as the overall policy and regulatory environment. However, there are more similarities than differences, particularly pertaining to the level of uncertainty that all of these factors introduce into the energy business model.
There is a tsunami of views, information, articles, blogs, and conferences on this topic, with more appearing every day. For any utility executive, it is easy to access opinions on every aspect of the disruptive forces that will impact their business. Popular and attention-grabbing topics like the “utility death spiral” multiply along with plenty of advice as to the steps these companies should and must take as a priority and to avoid oblivion.
Despite the vast number of opinions, insights and information on the topic of the Next Generation Utility, there is no clear answer yet as to what the business model will be or should look like in the next decade and in years to come. The only certainty is that it will be different from what exists today, and there will be many variants depending on the market, the regulatory regime, and the company’s strategies.