What are the different types of utility business models?
How are utility executives reshaping their businesses?
- In this context, utility executives are testing and launching new business models. They are leveraging opportunities offered by new energy and digital technologies to reshape and grow their business. In many cases they are moving beyond the pure commodity business to secure a more sustainable future for their company.
What are the key themes of ututility's new plans?
- Utility plans now consistently emphasize themes around business model transformation, enhanced operational efficiency and improved financial management. The European electricity industry association has called for a new strategic vision for the sector. However, this ongoing shift has not yet resulted in an earnings boost.
How are digital technologies changing the role of the utility?
- Now, digital technologies are facilitating new business models, such as virtual power plants (VPPs), based on bilateral power exchange and increased roles for consumers and third parties to provide energy, capacity and flexibility services that were once the exclusive domain of utilities.
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