“The Smart Grid” has emerged as an evolution of the electric grid which allows Utilities to position themselves as proactive participants in the end-to-end generation and delivery of electricity. To deal with this challenging environment, today’s forward-looking entities are formulating new strategies to considerably improve their Operational Systems. They must also deliver on the cost-cutting expectations built into the recent mergers and acquisitions.ĥ) The P&E work force is aging rapidly and the industry needs to address this situation over the next 5 to 10 years.Ħ) Over the years, Operational Systems have been built around disparate technological platforms, creating “islands of technology” that cannot collaborate and cannot deliver the effectiveness and cost-efficiency required by Operators.ħ) Due to ever increasing security threats from computer hackers who have chosen the Power & Energy sector as a target, Operators are having to combine their efforts to migrate to newer technologies with the essential deployment of Cyber Security measures for the legacy systems which were installed long before Cyber Security threats emerged. Furthermore, in jurisdictions such as the province of Ontario, Utilities must respond to government-mandated technological deployments, such as Smart Meters.Ĥ) Utilities need to deliver excellent service while ensuring that costs are kept under control. ![]() and by only 3.5% in Canada.Ģ) The Power & Energy (P&E) industry faces billions of dollars in maintenance upgrades which have been deferred for many years.ģ) Corporate governance standards and regulatory requirements, including Sarbanes-Oxley and NERC, have resulted in an environment where investments in new technologies must be made wisely, with those technologies being implemented according to specific deadlines. Furthermore, total transmission miles are projected to increase by less than 7% in the U.S. all rely on the availability of electricity.As the demand for reliable service grows, all Operators are facedwith a challenging environment where they must deal with a greatvariety of elements:ġ) The electric grid is under pressure, according to the North American Electric Reliability Council (NERC), which states that over the next 10 years while the demand for electricity is expected to rise by 19% in the United States and 13% in Canada, confirmed power capacity will increase by only 6% in the U.S. Power Generationand Transmission & Distribution Operators aim to deliver dependable service to their customers since business systems, healthcare systems, home comfort systems, etc. ![]() ![]() Our electricity system has greatly evolved and now represents an essential contributor to our society’s well-being.
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