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The Utility and Grid of the Future: Challenges, Needs, and Trends

2016, IEEE Power and Energy Magazine

AI-generated Abstract

The electric utility industry is undergoing significant changes driven by distributed energy resources and new technologies, necessitating the evolution of the grid and utility business models. This article outlines the challenges and needs associated with building an intelligent grid, emphasizing the role of governments, the necessity of addressing regulatory and policy issues, and the importance of a robust infrastructure for enhancing operational efficiency. A conceptual framework is proposed to guide utilities in adapting to a customer-centric market, ensuring sustainability and profitability through continuous innovation.