There are several mega trends that are fundamentally reshaping the entire energy industry in the next 15 years. These include increased price volatility that create investment challenges, energy consumers that are driving the transition to a low carbon and efficient energy world, supply constraints that are triggered and controlled by government and geopolitical events, while also stimulating demand for green energy.
The demand for electricity will continue to grow in the foreseeable future. It’s predicted that in 2050, about 25% of the total energy demand will come from electricity and about 13% from natural gas. This increase in demand certainly originates from electric powered transportation among other technologies and industries.
Although the electric power and natural gas industry has emerging opportunities, many threats and challenges also follow. These include regulations, nuclear uncertainty, and speculations for best practices to integrate conventional and renewable energy for power grids.
To survive in this volatile environment, one must transform and adapt their business model. This transformation include strategies for transformation, big data analytics and embracing digitalization, etc.
Market forces continue to create a volatile environment for the electric power and natural gas industry. Which is why there’s a call for new business models, financial capacity management, regulatory innovations, operational efficiency and performance.
LEADing Practice answers this call across the entire value chain to meet the challenges of today and tomorrow. We will help you to find new routes to sustainable growth by providing you with all the tools you need.
The tools that we equip you with are our standards. These standards are used to help you replicate and reuse industry practices, best practices and leading practices.
We differentiate as the only company specialized to enable the electric power and natural gas industry to apply standards and patterns of success to meet the disruptions and challenges in every segment of the electric power and natural gas industry;
- distribution; and