|Proceedings package||US $ 495.00|
Utility 2.0: Adapting to the New Business Reality
Event Description and Agenda:
The proliferation of new technologies and improved cost competitiveness of energy efficient and distributed energy resources (DER) — solar PV, energy storage, microgrids and electric vehicles — are moving into mainstream use and being integrated to the grid. These new technologies are changing the dynamics of energy delivery and consumption at a fundamental level, even prompting some to predict a "death spiral" and other dire outcomes for traditional utilities.
It is true these recent developments in technology, coupled with public sentiment for cleaner energy sources, are rapidly bringing forth a new paradigm of energy production and delivery patterns. This emerging landscape will require significant updates both to utility business models and to the electric grid on a technical level. Utilities are increasingly acknowledging this: 90% of utility executives are in agreement that the utility business model needs to undergo important changes between now and 2030, according to a global survey conducted by PwC. As for the future grid, some are imagining an interactive platform in which all the emerging technologies — solar PV, storage, electric vehicles — are strategically interconnected in a way that makes them far more accessible, practical and economical for customers.
Many, perhaps even most, traditional utilities are embracing the necessity for innovations with their customers and in their business models. They recognize that the century-old utility business structure of rate cases and revenue tied to load seems increasingly less equipped to adapt profitably to the new technologies. Yet, they cannot unilaterally transform their business. The success (or failure) of their efforts is tied closely to whether their governing regulatory bodies will allow and accommodate their migration from monopolistic to pluralistic business practices. Thus, this program is designed for utilities, regulators, and innovators to think critically about future business adjustments that will enable a future grid that is resilient, environmentally sustainable, and that holistically integrates technology to offer more customer control and service options than ever before. It will explore alternative cost-recovery methods and offer case studies, insights and strategies to invest in new frameworks that allow utility business to evolve, while ensuring the continued reliability and affordability of electricity service.
Monday, August 10, 2015
8:00 - 8:30 a.m. :: Registration and Continental Breakfast
I. Emerging Technologies & Energy Management Options
10:30 - 10:45 a.m. :: Morning Break
11:45 a.m. - 1:00 p.m. :: Group Luncheon
II. Utilities and Customers: Is Bi-lateral Engagement Really Possible?
2:45 - 3:00 p.m. :: Afternoon Break
5:30 - 6:30 p.m. :: Networking Reception
Tuesday, August 11, 2015
8:00 - 8:30 a.m. :: Continental Breakfast
III. Case Studies of Utility Business Innovation
9:30 - 9:45 a.m. :: Morning Break
IV. Regulatory & Legislative Influences on Utility Business Model and Rate Design
12:15 - 1:15 p.m. :: Group Luncheon
2:45 - 3:00 p.m. :: Networking Break
5:00 p.m. :: Conference Adjourns