Five Emerging Focus Areas for the U.S. Utility Industry
- Oct 26, 2021 3:25 am GMT
This item is part of the Special Issue - 2021-10 - Advances in Utility Digitalization, click here for more
Seismic shifts like the adoption of more sustainable energy sources, decarbonization, the introduction of new technologies, and the electrification of transportation are drastically disrupting the traditional utility model.
These innovations, coupled with industry action such as the recent FERC Order 2222 -- which enables Distributed Energy Resources (or DERs) to compete on a fair and level playing field in the wholesale power markets -- will undoubtedly affect the broader market design and introduce a greater degree of complexity.
Transformation Begets Collaboration
Take a moment to consider the millions of transactions that take place across the energy market every day. While yes, some of the technology may appear the same (customers will continue to have one wire connected to their home), there are still a lot of industry unknowns. In the United States, for example, the utility industry is already incredibly fragmented and newer markets -- e.g., the California Independent System Operator’s Energy Imbalance Market (CA EIM) and the newly emerging Southeast Energy Exchange Market (SEEM) -- have established themselves in recent years; fractures also persist among federal, state, city and local levels.
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