From reliability to elasticity From accenture

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The following is the From reliability to elasticity From accenture recommended by recordtrend.com. And this article belongs to the classification: accenture , new energy, research report.

Accenture has released a new report, “from reliability to resilience.”. Climate events around the world are becoming more frequent and severe, and most power utilities are still unprepared for the increasing operational pressure.

Although there is increasing discussion of resilience in executive offices and industry focused literature, only about a quarter (24%) of the more than 200 utility executives surveyed by Accenture as part of the global digital grid research survey believe they are well prepared for the challenge of extreme weather events. The survey included executives in charge of networks, smart grids, energy / power transmission, operations / grid operations, system planning, distribution, etc.

For many years, power utilities have focused on the reliability of the power grid, but this method itself is not enough to meet the needs of the public utilities and the whole society, especially when people consider the larger picture. When a utility company is faced with extreme weather and disaster events, the situation can deteriorate rapidly. More flexibility is the answer. The key is to be able to successfully shift from a reliability centric strategy to a resilient centric strategy.

The complicating factor is that flexibility is still an amorphous concept in the public utility industry so far. Since there is no standard, widely accepted definition of flexibility by industry or regulator, the task falls to utility companies. From reliability to resilience: in the face of extreme weather challenges, take the lead in developing appropriate incentives, metrics and modeling, and lay the foundation for a collaborative approach among regulators, customers and utility companies. This requires a new, forward-looking, holistic strategy that is data-based, digital driven and focused on energy efficiency and renewable energy.

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