Increasing energy efficiency savings goals associated with utility sponsored energy efficiency programs create an incentive for investor owned utilities to turn to customer analytics to better understand customer needs in an effort to find opportunities for deeper savings.
Stores, offices, banks, hotels, and hospitals will always need the lights and heat to come on. This causes what economists call “perfectly in-elastic demand.” In layman’s terms that means, no matter how much it costs, I still need it. Consequently, the price of power transportation services is highly regulated. As regulated monopolies, investor owned utilities (IOUs) historically faced minimal competitive pressures and had little justification for incurring costs associated with developing the well-defined customer analytical, segmentation, and marketing capabilities of retail marketing, financial services, and manufacturing firms. …READ MORE
Most electric power utilities have a relatively limited budget for infrastructure investments such as installing or replacing equipment. A strong business case is necessary to justify such capital expense and obtain financing from government entities or private investors. The number of rate cases in 2013 reported by EEI was the lowest since 2009. Therefore, optimal allocation of limited investment is required by identifying key investment areas.
There is a variety of smart grid equipment available that helps utilities achieve their goals of generating, transmitting, and distributing electric power to the end-user. It can be difficult to determine the best projects, where they should be applied, and to what scale. Financial and engineering studies are carried out to provide answers to important questions such as: …READ MORE
Were you one of the 43 million people who tuned in to watch the Oscars on Sunday? If so, you may have noticed the fabulous stage lighting. It was truly fabulous. I counted 1,200 lamps in individual rings within the moving walls of the stage. And that’s just one part of the elaborate set.
As a lighting designer, I can appreciate the use of lighting for effect, and this is certainly an application that requires effect. They achieved the glitz and glamour for which the Oscars are known. But as a lighting designer I can also see the benefit of creating theatrical effects in a responsible, energy saving manner. From this perspective, the Oscars missed the mark.
The 1,200 lamps in those rings appeared to be incandescent. If they were incandescent lamps rated at 100 Watts each that would add up to 120,000 Watts used just for the walls. …READ MORE