The annual study of levelized costs of electricity (LCOE) from Lazard Limited. provides further confirmation of how far and how fast the Electric Power business is changing.
Notably, costs have continued to decline for utility-scale renewable energy over the last year. Costs also fell for combined-cycle gas generation. The cost to generate electricity from coal is the same as it was last year, but nuclear's LCOE has risen sharply. Electricity storage costs also are coming down, although t...
There is a clear, significant threat to electricity distribution grids.
A sustained failure of the electricity grid has the potential for devastating consequences. From transportation, to health and human and services, to food security, virtually every infrastructure is dependent on the grid.
While distribution utilities are well-practiced at restoring grids after adverse weather or asset failure, Accenture research has revealed that only half of utility executives thought they were well-p...
Supply chain digitization has been revolutionizing many industries, making them more reliable, connected and responsive. It is time for utilities to reap similar benefits.
Utilities are facing disruption and performance pressure, whether from new and increased competition, evolving customer expectations and shifting regulatory requirements. Digital technologies can be the catalyst to drive top‑line growth, improve value delivery to customers and increase market share.