If you are a decision maker in the power sector, you have probably been grappling with a whirlwind of perspectives on the disruption of the regulated utility business model. Undeniably, the convergence of innovations such as distributed energy resources, demand-side management, and information technology has introduced a pace of change recently unimaginable in this historically slow-moving industry.
Looking beyond alarmist predictions and controversial debates, utilities are beginning to grasp the enormous value creation potential of these changes. As power sector leaders work to overcome daunting challenges such as bureaucratic cultures, perverse regulatory incentives, and the fear of self-cannibalization, we need an actionable roadmap for self-disruption. As a starting point, the utility industry needs a positive example to illustrate the process of disruption management. [Read more…]