The energy transition is forcing utilities to alter their ageing business models and utilities are seeing the importance of sharing best practices.
This is why prestigious conferences like the European Utility Week acts as an ideal platform for over 1500 senior level energy professionals to share best practices, network and simply learn from positive and negative experiences.
The conference this year will be located in Amsterdam and will run for three days (4-6 November).
The conference program will focus on the industry’s smart energy transition and its effects on the sector. Industry shifts, emerging trends, structural reform and market design are part of this focus.
Perfect networking opportunity
Engerati asked Stephen Berberich, President and CEO of California ISO, who will be one of the high profile speakers at the conference, what he is looking forward to at the European Utility Week-he explained that it is the knowledge-sharing between industry experts that is the most exciting. He also described it as a “perfect networking opportunity.”
Mr Berberich points to the issue of escalating carbon emission levels as an example: “We are all charged with reducing greenhouse gas and this affects all industries-not just the utility industry. There are ideas that have worked and not worked but it is important for both sides of the Atlantic to share all of their experiences. This sharing is mutually beneficial for everyone to get onboard as we all use the same air.”
Re-evaluating business models
With the development of distributed clean energy, smart grids and energy storage, utilities have to adapt their models according to these changes in order to stay viable in a highly competitive industry. The transformation within the industry will fundamentally change the way consumers procure and control their energy and the industry should recognize this trend for what it is, explains Mr Berberich.
“I don’t think people will be clipping their wires just yet so utilities need to figure out how they are going to charge for this service and exactly what these services are going to be and how they will operate in that world. They need to ask themselves whether they want to be selling that distributed energy, for instance. That’s what they have to think about.”
It is this re-evaluation of business models which is becoming a real thorn in the utility’s side but if everyone shares their experiences, this transition process could be that made much easier.