Power Shift: Why Utilities Will Run More Like Uber and Airbnb
Over the next decade, the ability of utilities to adapt to an increasingly network-based energy infrastructure will become much more important.
In coming years, power markets will be challenged by two structural dynamics: the increasing penetration of decentralized, distributed renewable resources and the need to eliminate grid inefficiency. Both of these trends will push the industry toward promoting and developing innovative, flexible, and far more efficient solutions for the generation and distribution of power. In my view, successful regulated utilities will be those that incorporate smart technology, evolve rate designs, reduce their carbon footprint, become “asset lighter,” and integrate resources to a far greater extent than they do today. In so doing, many will run more like Uber Technologies and Airbnb, leveraging their network infrastructure to more efficiently deploy excess capacity and increase resource value.
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