Management Matters: Monthly Digest of Insights Shared by Your Peers in the Energy Central Utility Management Group – December 21, 2020
- Dec 21, 2020 6:32 pm GMT
Welcome to the newly redesigned Utility Management Group roundup, Management Matters. As always, your fellow group members are paying close attention to utility management trends and sharing their insights. This month’s selection includes information about two U.S. states that are leading the way in beneficial electrification, new developments in utility asset analytics, and more. Be sure to like and comment on your favorite posts. Happy reading!
Five Facts About Utility Plans to Power the Next Decade
Link to original article: https://energycentral.com/c/pip/five-facts-about-utility-plans-power-next-decade
A number of factors are driving the nation’s energy markets toward increasing levels of renewable energy and the accelerated retirement of coal-fired generation units. In this post, new community member Miriam Makhyoun, CEO at EQ Research, describes how each U.S. state is approaching their use of renewables based on state-level requirements. For example, in the Southeast, most states don’t have a 100% renewable portfolio standard (RPS) and utilities operating there have planned to deploy more natural gas resources. Conversely, those in regions with more ambitious RPS policies have made renewables a bigger priority.
Beneficial Electrification Gains Traction, With Two States Leading the Way
In this article, Edward Webster, Senior Director of Business Development at Franklin Energy, explains that beneficial electrification is the process of moving from fossil fuels toward electric power in a way that provides benefits to a range of stakeholders. He notes that as the energy industry within the U.S. moves toward electrification, California and Colorado are leading the way by demonstrating the possibilities of beneficial electrification when implementing ambitious standards and recommendations. They include requiring rooftop photovoltaic (PV) arrays on most new homes in California and working on plans to cut carbon emissions in half by 2030 in Colorado.
Building the Foundation for Utility Asset Analytics
Link to original article: https://energycentral.com/c/um/building-foundation-utility-asset-analytics
The proliferation of new technology, sensors, and data historians has generated large amounts of data with the potential to improve asset management. In this detailed piece — which is part of Energy Central’s Data Analytics & Intelligence Special Issue — Kevin Hade, Manager at West Monroe Partners, and his coauthors describe key processes and tools needed to build a foundation for effective electric transmission and distribution asset analytics. Such processes can help utilities resolve challenging asset issues like identifying the highest risk assets and determining when to replace equipment.
What a Wristwatch Can Tell Us About the Future of Work for Utilities
Link to original article: https://energycentral.com/c/pip/what-wristwatch-can-tell-us-about-future-work-utilities
Here, Steve Ridley, Director of Consulting at CGI, uses an apt analogy to explain the changing relationship between power utilities and their customers. He likens the functionality of standard watches (steady and reliable) to the utility-customer relationship of years past, and the features available with today’s smartwatches (highly specific data and personalized recommendations) to the advanced capabilities of modern power utilities. Despite being able to deliver additional guidance, money-saving ideas, and new generation options, utilities are facing a race against time if they want to remain leaders amid emerging vendors that could potentially provide similar services.
Thanks again for reading this edition of Management Matters! The authors listed above are eager to hear your thoughts and questions, so don’t hesitate to engage them. And if you want your content to be featured in this spot in future issues, be sure to publish your posts within the Utility Management Community.
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