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Utilities are faced with many challenges in the transformation of the energy sector. The increase of renewables and distributed energy resources has changed the way power is generated and altered business models. Competition from new market entrants and high customer churn threaten revenues. Cyberattacks target infrastructure and the security of the power grid. The industry is at a crossroads and hard choices need to be made. In order to remain competitive, companies must be willing and ready to change their strategy. Disruption impacts the sector’s core business and the industry needs to recognize that the transformation will be long term and substantial.
It’s impossible to summarize the impact of the energy transformation in a single article or through catchy soundbites, so Paddington today announces the launch of a set of blog articles to enable you to understand clearly the “what”, “why”, and “how” issues surrounding this huge topic.

The aim of this series will be to examine 4 key areas: transformation, the challenges, the uncomfortable truth and a new start:

Disruption in the  utility sector has transformed the landscape and created market shifts that challenge current business models. Fundamental advancements in technology  are driving the disruption and the market demands that utilities innovate to meet customer expectations. The industry must be willing to transform  in order to unlock new revenue streams and capitalize on these opportunities. 

We will be looking at this transformation in depth; it’s benefits, challenges  and costs and what it means to your bottom line.

What are the implications of transformation in the sector? How can you  address these challenges, assess the feasibility of the business case and tap in to the potential of the new utilities market?

In the coming weeks we will explore how to navigate this changing landscape. We will take a deeper look at the problems companies are facing and offer some innovative ways  to create a winning strategy for continued growth.

With our eye on the hard facts we will uncover key beginners mistakes & anecdotal stories. We will  predict structural, financial and technological debts to help you avoid common pitfalls and recommend fresh solutions.

The future will see transformation in every aspect of the utility sector and only the the most innovative companies that are willing to embrace these changes will prevail.

Let Paddington help you draw a roadmap in your transformation journey so that you can continue to deliver cutting edge energy products and services to your end client.