Disruptive technologies are transforming a wide range of industries and the utility industry is among them. Technological developments in solar and storage are seen to have the largest impact, but few realize that the changing preferences of the customer will also have a major impact on operations. Understanding those changes will be critical to the industry’s ability to adapt.
The KPMG Global Energy Conference is one of the firm’s most distinguished events, bringing together hundreds of energy executives and professionals from around the world to examine, discuss and debate the industry’s top issues and trends. It is through this renowned event that energy industry professionals can gain insight on emerging business trends driving change and transforming the industry.
The KPMG Energy Business Outlook, which reflects the viewpoints of senior energy executives in the United States, found that continued volatility in commodity pricing is requiring them to focus more closely on growth strategies and changing their business models.
The electric utility industry has undergone significant change in recent years, and is on the cusp of even further transformation. Disruptive forces such as changing customer demands, regulatory evolution, rapid technology advancement, and non-traditional sources of capital are requiring utilities to increasingly adapt to new marketplaces.