In today’s day and age, we’re all immersed during a world bursting with technology. The phones in our pockets are actually mini computers. The cars that we drive can park themselves. The refrigerators we've can tell us if we’re running out of milk. We don’t know what the longer term will hold, but we do know that technology is pervasive and evolving at a rapid pace. The old saying, “every company may be a technology company” couldn’t be truer, but it’s the businesses that embrace and unlock the potential and value of technology which will succeed well into the longer term.
At the top of the day, technology is impacting every single industry and therefore the utility industry is not any exception. Utilities play a central role in developing and implementing energy efficiency programs for his or her customers and technology is becoming more critical than ever therein process. Leveraging technological advancements can play a big role during a utility’s success in delivering cost-effective energy efficiency program portfolios. There’s a reason the Department of Energy devotes a whole section on its website to emerging technologies, pushing for “cost-effective, energy-efficient technologies to be developed and introduced into the marketplace.”
Not only can various software contributions and analytics capabilities help services deliver more energy savings more efficiently, but technology also is changing the way utilities interact with their consumers. For utilities, it can give a platform to assist during a considerable breakthrough in building stronger relations with customers, reducing the value of a utility’s energy efficiency programs while offering a seamless experience across all digital channels. Customers are increasingly more tech-savvy, and that they expect the businesses they interact with to be an equivalent way.
As utilities still embrace technology, this might mean substantial gains in energy efficiency and increased customer engagement. the subsequent are a couple of samples of how this is often already beginning to play call at the industry:
• Automation is Key: Energy demand management provides a chance for patrons to play a key role within the operation of the electrical grid by shifting electricity usage during peak periods in response to time-based rates or other sorts of financial incentives.