Perfect Storm or Perfect Opportunity? Future Scenarios for the Electricity Sector

Riesz, J; Hindsberger, M; Gilmore, J; Riedy, C

Perfect Storm or Perfect Opportunity? Future Scenarios for the Electricity Sector

Riesz, J Hindsberger, M Gilmore, J Riedy, C

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Publication Type:: Chapter
Citation:: Distributed Generation and its Implications for the Utility Industry, 2014, pp. 453 - 474
Issue Date:: 2014-06-24

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Field	Value	Language
dc.contributor.author	Riesz, J	en_US
dc.contributor.author	Hindsberger, M	en_US
dc.contributor.author	Gilmore, J	en_US
dc.contributor.author	Riedy, C https://orcid.org/0000-0003-3668-737X	en_US
dc.date.issued	2014-06-24	en_US
dc.identifier.citation	Distributed Generation and its Implications for the Utility Industry, 2014, pp. 453 - 474	en_US
dc.identifier.isbn	9780128002407	en_US
dc.identifier.uri	http://hdl.handle.net/10453/33844
dc.description.abstract	© 2014 Elsevier Inc. All rights reserved.. This chapter applies futures thinking to explore possible scenarios that electric utilities may face in the coming decades. The chapter applies a top-down approach to identify the key drivers that could influence business models. It describes three possible futures in detail. Firstly, the "centralized" future moves toward decarbonization but retains the centralized model present in most power systems today. In contrast, the "decentralized" future moves toward greater decentralization while retaining a significant role for the grid. The "disconnected" future moves to complete decentralization, with most customers disconnecting from the grid entirely. The chapter concludes that all three scenarios are possible and will have important implications for electric utilities. Wise businesses will adopt a risk management approach.	en_US
dc.relation.ispartof	Distributed Generation and its Implications for the Utility Industry	en_US
dc.relation.isbasedon	10.1016/B978-0-12-800240-7.00023-0	en_US
dc.title	Perfect Storm or Perfect Opportunity? Future Scenarios for the Electricity Sector	en_US
dc.type	Chapter
utslib.for	1605 Policy and Administration	en_US
utslib.for	1205 Urban and Regional Planning	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/DVC (Research)
pubs.organisational-group	/University of Technology Sydney/DVC (Research)/Institute For Sustainable Futures
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Strength - ISF - Institute for Sustainable Futures
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US

Abstract:

© 2014 Elsevier Inc. All rights reserved.. This chapter applies futures thinking to explore possible scenarios that electric utilities may face in the coming decades. The chapter applies a top-down approach to identify the key drivers that could influence business models. It describes three possible futures in detail. Firstly, the "centralized" future moves toward decarbonization but retains the centralized model present in most power systems today. In contrast, the "decentralized" future moves toward greater decentralization while retaining a significant role for the grid. The "disconnected" future moves to complete decentralization, with most customers disconnecting from the grid entirely. The chapter concludes that all three scenarios are possible and will have important implications for electric utilities. Wise businesses will adopt a risk management approach.

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http://hdl.handle.net/10453/33844