The Utility Industry: Predictions and Trends
- Jan 22, 2021 1:51 am GMT
This item is part of the Special Issue - 2021-01 - State of the Industry, click here for more
Decarbonization of industries, customer engagement and how utilities adapt to post-pandemic requirements will be the dominant activities as the world steps forward gingerly into the new year. The seminal threat of climate change and the impact it will have is no doubt strongly underlining these trends. Decarbonization will take on an urgency on the supply and demand side. The customer is more and more integrated with the modern grid in not only directing the “quality” of energy they wish to use but also in bringing new technologies in their homes and work facilities to charge their electric vehicle and store energy to arbitrage favorable prices. This engagement has led to customers more intimately involved with supply-demand decisions that electricity providers usually do in isolation. The pandemic has caused broad disruption in how work is conducted, how education is delivered, and has revealed enormous gulfs in capabilities around the world. These very skills needed today to combat the pandemic will be required for the larger problem of climate change. This paper will describe how these areas are expected to evolve and the impact they will have.
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