Business Strategy: The Digital Utility: The Role of Smart Grid in the Transformation of Utilities in Asia/Pacific

Business Strategy: The Digital Utility: The Role of Smart Grid in the Transformation of Utilities in Asia/Pacific

  • July 2016 •
  • 19 pages •
  • Report ID: 3966612 •
  • Format: PDF
This IDC Energy Insights report outlines the factors driving smart grid and IoT adoption across the Asia/Pacific and the impact to operators, their customers, and the ecosystem of vendors providing technology capabilities. The report reviews the major investment areas and considerations needed when assessing the suitability of IoT, smart grid, and utility as a service (UaaS) options in the market for delivering next-generation smart grid capabilities and services.Common capabilities include modeling supply and demand, demand response management, distributed device integration and control, network modeling, and specialized grid modeling for distribution marginal pricing and expected development of new distribution operations functions."Utilities face rapid growth in the complexity of managing their distribution grid. Utilities will be expected to have the information and operation technology in place to operate the distribution grid. Before pursuing cost recovery, utilities need to perform due diligence on capabilities and supporting technologies that will be safest and most cost-effective in operating the grid and participating in new markets," according to Emilie Ditton, research director, IDC Energy Insights Asia/Pacific.