Primer: Technology, consumer sentiment push utilities to new business models | Utility Dive
There are many states approaching the changes as grid modernization efforts. California, Minnesota, Massachusetts, Maryland, the District of Columbia, Ohio and other are all moving ahead with modernization plans that include updating the distribution system to accommodate resources like storage, microgrids, community solar and electric vehicle charging infrastructure.
But according to Frantzis, so far only New York has taken a front-to-back look at the industry. With its Reforming the Energy Vision proceeding, the state has gone beyond integrating new technologies and more towards creating new revenue streams.
“They have to do something—the old way of doing business is not going to work, going forward.”
The new structure should be bottoms up driven via community based diversified energy inputs from things such as microgrids and battery storage, including using batteries in EV’s, via SMART grid control, any paying third party small energy providers retail prices for energy inputs to grid, not top down 1 percent controlled monopolies such as nuclear and fossil fuels.