The Economic Consequences of New Models
At the Public Utilities Fortnightly event, Stuart Pearman, partner and energy practice leader at ScottMadden, presented his views on the economic consequences of new models.
At the Public Utilities Fortnightly event, Stuart Pearman, partner and energy practice leader at ScottMadden, presented his views on the economic consequences of new models.
Customer engagement at utilities is undergoing radical change. It’s a change being driven by heightened customer expectations, multichannel communications technology, and sophisticated platforms that foster mobile and web-based self-service options. In the utility call center, it all points to “digital” — strategic architectural upgrades and added contact channels that promote a faster, easier customer experience.
This ICF International white paper examines an approach to evaluating the feasibility and economics of non-road electrotechnology programs. This approach promotes the displacement of fossil-fueled customer equipment with electric-powered equipment, helps electric utilities increase net margin, improves load factor, reduces net service-territory emissions, and provides indicative economics for several programs. Key topics include:
o Electrotechnology
In ‘Beyond Integration: Three dynamics reshaping renewables and the grid,’ a recent global industry research initiative, DNV GL, the world’s largest resource of independent energy experts, gathered views from over 1,600 energy sector participants across more than 70 countries. The study addressed key questions on how to best move forward the integration of renewables into the global electricity grids to ensure the future of electricity. The survey points to broad global consensus that a renewables based electricity system can be achieved.
This is the third annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. Prepared for AEE by Navigant Research, Advanced Energy Now 2015 Market Report is the most comprehensive assessment of advanced energy markets ever compiled.
With nearly $200 billion in 2014 revenue, the U.S. advanced energy market is bigger than the airline industry, equal to pharmaceuticals, and almost equal to consumer electronics.
The future of electricity is happening now. In fact, the industry is experiencing rapid advancements in renewables integration, changes in policies, new customer behavior, exciting technologies, innovative financing trends, and emerging business models—all driving the transformation which is underway today.
The utility industry is under pressure to improve substation automation cyber security. Manufacturers of substation products use proprietary or product-specific methodologies for managing device security.
As a result, standardization and ease of management of these devices is lacking. Download this white paper to learn about processes and procedures for securing a substation.