Consumers will start having a completely different type of engagement with energy, with the commodities that they get from utilities, and obviously also throughout the entire world.
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“This paradigm shift really is taking us from pretty much a consumer-centric model to a prosumer-centric model. They generate their own energy and feed it back to the grid, which increases affordability but also creates operational complexity.ĭuring the event, Miguel Gaspar Silva, global head of utilities IBU for SAP, said prosumers are playing a role in the significant changes currently affecting the utilities industry. The utilities sector is also experiencing the emergence of digital energy ‘prosumers’ – businesses or people who are both consumers and producers.
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#REPLACEMENT FOR TECH UTILITIES DRIVERS#
Some of the key drivers of change in the industry include: The obstacles and opportunities facing utilities companies were discussed in a recent SAP webinar on the utilities industry. The Biggest Challenges Facing the Utilities Industry It’s a heavy load to carry, so utility firms must be up to the challenge. Whether companies are responsible for electricity, gas, water, or waste utilities, they must strive to develop intelligent solutions and energy efficiency in their own operations, while also ensuring safe and secure infrastructure for the environment today and into the future. The utilities industry shoulders much of the responsibility of this immense transition, and the actions they take now will have a profound impact on society for generations to come.