Page 2: Help utility CEOs improve their aim >>
By Jesse Berst
To date, the smart grid revolution has been mostly about technology. Going forward, it will increasingly be about new policies and new business models. But unless they change their attitude, most utilities will have that new future imposed on them. I predict they'll be very unhappy with the result. Other companies will pluck away the high-margin parts of the business, effectively hollowing out the utilities. The utilities will be left with the high-cost, high-obligation work but without high profits to pay for it.
Elsewhere in this series on Electronomics -- the economics of New Electricity -- I argue that electric power utilities must become proactive and intentional to survive these coming changes. If they take charge of their own future, they can end up stronger, more profitable and more appreciated than ever before.
So what kind of future should they (proactively and intentionally) aim for? It turns out they have several choices. I will be outlining some of those alternatives in this series on the economics of New Electricity.
I invite you to follow along. Better yet, to become part of the dialogue by using the comment form at the bottom of every page. Better yet, to work with colleagues and peers to make your own utility intentional and proactive. Whether you are an employee, a customer or supplier.
Page 2: You can help utility CEOs improve their aim >>