What is the Future of the Electric Power Sector?
Abstract
It is broadly agreed that the electric power sector is going through rapid transformation in all segments of the value chain but particularly in the distribution end of network and on the customer side of the meter. Technological advances in self-generation, storage, microgrids, and zero-net energy buildings promise to turn many consumers into prosumers. What is not clear, however, is whether, how, and when will the incumbents respond to the challenges they face. This chapter asks, “what future,” or perhaps, “if there is a future” for electric utilities?
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