Last week at the VERGE DC conference the Chairman of the Federal Energy Regulatory Commission Jon Wellinghoff did not mince his words when he spoke to a reporter from GreenBiz, saying that “the traditional utility is either going to have to change or die.” Wellinghoff proposed a view of the industry’s future where loads will be interacting on a dynamic basis with the supply, estimating that this could bring as much as $100 billion in savings.
We agree that there is huge potential for disruption in the industry, specifically as a result of liberating energy usage data that will allow customers to respond to changes in price and other incentives to save energy. This data can be leveraged to create effective customer engagement programs that motivate customers to change their own energy usage patterns and respond to dynamic prices.
“If customers could access those prices and respond to those prices — by either increasing loads or lowering loads appropriately — they could save tremendous amounts of money, they could make the system much more efficient and it’s going to change the way that we look at how to operate the system,” Wellinghoff said.
Read more in the full article on Fierce Energy.