Energy Magazine August 2018 | Page 47

HOW WILL THE CLEAN ENERGY TRANSITION IMPACT BOTH BUSINESSES AND CONSUMERS OVER THE NEXT 5-10 YEARS ?
47
HOW WILL THE CLEAN ENERGY TRANSITION IMPACT BOTH BUSINESSES AND CONSUMERS OVER THE NEXT 5-10 YEARS ?
It will be different depending on where you are in the world , but there will be impacts . In some markets we are going to see increasing changes to “ traditional ” electricity systems , as they start to transition from a centralised to a decentralised based generation portfolio . There will be regulation and business model changes , and as the internet of things begins to provide actual customer value connectivity will increase . This will transform our electricity grids into two-way conduits , more like the internet than traditional one-way systems . This will likely cause a degree of chaos .
For business it means a more complex interaction on energy , and likely a lot of uncertainty as the transition bites and energy markets react . For consumers a new world of energy related products will emerge , some confusing , but in theory there should be better alignment with energy needs and more choice .
www . energydigital . com