Five global megatrends are forcing electric utilities to rethink the way they do business

Published: Aug. 22, 2018, midnight

Electric utilities around the world are expected to be greatly transformed by deregulation, climate change, the rise of renewable energy, new technologies, declining populations, and changing user needs.\n\nThe transformation will eventually see the power grid\u2019s integration with industries such as water, gas, transportation, among others, which ultimately could mean better service.\n\nA factor driving the changes is the need to reduce greenhouse gas emissions. Electricity and heat production is among the biggest sources of emissions, which is why energy producers have been adding more renewable sources such as solar, wind, geothermal, hydropower, and biomass into their power mix.\n\nTechnology and changing demographics and user needs will also change utilities. Now that technologies can better track customers\u2019 energy consumption, utilities will be able to predict when it is highest and ensure supply during those times. \n\nUtilities\u2019 transformation will come in three waves.\n\nRead the transcript\nhttps://bit.ly/2Lg4AWG\n\nWatch the related video\nhttps://bit.ly/2ORTd9g\n\nAbout the speaker\nHiroshi Okamoto is executive vice president of Japan\u2019s Tepco Power Grid. \n\nKnow more about ADBI\u2019s work\nhttps://bit.ly/2Bsqbvp\nhttps://bit.ly/2zmmNQr