Utilities Could Lose $48B Annually from Grid Flight and Energy Efficiency

Concern has heightened among utility executives about grid flight and energy efficiency, and new research indicates they have good reason to worry. Accenture is reporting today that energy efficiency and local energy could drive down utility revenue by as much as $48 billion a year in the United States and €61 billion a year in Europe by 2025. … [Read more...]

Dear Utilities, Change or Get Dumped

Like many relationships, the one between utilities and their customers can be complicated. Sure, they’ve been together for decades, but no longer are customers satisfied with a distant, disengaged power company selling them more and more megawatts. As the utility business model evolves into one based on diverse energy services, utilities must find … [Read more...]

Utility Execs See Big Smart Grid Benefits, Need More Smart Grid Workers

A new report from Accenture yields some interesting surprises from utility executives about their view of smart grid technologies and deployments—and their smart grid needs. First of all, two-thirds of utility executives surveyed believe that the benefits of smart grid and smart meter deployments will exceed forecasts. “It’s not very often that … [Read more...]

Integrating Data & Engineering for Up to 20 Percent Savings: Siemens, Accenture

Accenture and Siemens have launched a joint venture, Omnetric Group, in the smart-grid field that will work with utilities to improve energy efficiency, grid operations and reliability. Jack Azagury, global managing director for Accenture Smart Grid Services, explains in this podcast that the effort will help utilities solve the problem of … [Read more...]