Disrupting Partners - The case for utilities to embrace new energy providers
Utilities have to change their business model with the emergence of new energy providers. In its latest report, KPMG proposes how utilities can expand their role as network integrators and become market enablers...
There has been a lot of speculation in the market about the utility “death spiral” resulting from retail product and service providers. New entrants are engaging utility customers directly and claiming revenues that utilities otherwise could have retained.
In a report “Disrupting Partners: The case for utilities to embrace new energy providers”, KPMG shares how utilities can avoid such a spiral by embracing new entrants and becoming Network Integrators.
Utilities have been working with these new entrants, many of which are not traditionally part of the energy ecosystem, to deploy products and services to drive efficiencies in energy delivery and consumption.
To this end, a new model is emerging, where utilities expand their role as Network Integrators, enabling a channel that bring new products and services to consumers. This model creates opportunities for utilities to step in as market enablers, overseeing the evolution of the electricity sector and plotting a tenable long-term strategy to integrate these components for safe, reliable and economic power delivery.
Learn more about the case for utilities to embrace new energy providers here.
By : KPMG