11/11/2013 - More than two-thirds of utilities executives believe that the benefits of smart grids and smart meter deployments, which include improved customer service, reliability and outage response, will exceed original industry forecasts, according to a survey by Accenture.
A majority of executives surveyed (85 percent) also expect the industry’s landscape to change in the next five years, with more new entrants in the areas of energy efficiency and demand response, data services and distributed power generation.
The digitally enabled grid survey of 54 global utilities executives in 13 countries found that for 98 percent of the utilities represented, the smart grid is a natural extension of the ongoing upgrades to the electricity network, confirming that smart grid technology has become a core part of their investment strategy.
“To ensure the delivery of safe, reliable and affordable energy to consumers, utilities will need to make significant investments in grid infrastructure and technology, in order to accommodate new sources of supply and demand, such as electric vehicles, distributed solar power, microgrids and energy storage,” said Jack Azagury, global managing director of Accenture smart grid Services. read more>>>