The Strategic Resilience Utility Toolkit

Deck: 

Embrace the Change

Fortnightly Magazine - July 2021
This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.

At a time when the industry is facing a historic transition to a cleaner, more mobile, increasingly distributed, and intelligent infrastructure, the global pandemic, cyberattacks, and extreme weather events have brought unprecedented levels of disruption to the U.S. power sector over the past year. The compounding impact of rapid technology, business model, operational, customer, and policy change requires recalibrating investment priorities and a more aggressive pursuit of strategic resiliency.

Guidehouse's sixth annual State and Future of Power study in partnership with PUF shows that utility executives are responding with more urgency and purpose. Our Pulse Survey of industry leaders points to an increased focus on environmental, social, and governance (ESG) initiatives, electrification efforts, and more aggressive integration of distributed energy. But significant work remains.

Outlined below are several areas of dynamic change that will define how the industry will emerge from the global pandemic better prepared for the decade ahead.

Engaging Remote Work, New Customer Strategies

As the U.S. workforce begins its slow return to the office, energy usage patterns are expected to return to a more typical balance between residential and business sectors with load patterns following course. Some level of permanent shift toward residential load can be expected as many in the workforce remain remote.

This full article is only accessible by current license holders. Please login to view the full content.
Don't have a license yet? Click here to sign up for Public Utilities Fortnightly, and gain access to the entire Fortnightly article database online.