Innovative Strategies for Cost Optimization
- Mar 23, 2020 9:53 pm GMT
This item is part of the Special Issue - 2020-03 - Innovation in Power, click here for more
When personal commuter vehicles can double as Uber rides for hire, and when the unused rooms in a house can become Airbnb rentals, it is clear that new business models are taking hold. Utilities’ current model of building single-purpose assets looks inefficient in that light.
To maintain a competitive stance, utilities need to consider both getting more value from their assets and innovating strategies to reduce routine costs in order to maximize the impact of ratepayers’ dollars.
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