The Challenge for Power
Whilst travelling home after having a very enjoyable evening at the IET President's address and dinner I began to consider the the change that is coming within the energy sector as we generate and consume power. The Power and Electricity Sector is facing a paradigm shift in its mode of operation and revenue generation models. The costing and billing within the sector is based upon two sub components, namely generation and distribution. As the drivers of sustainability, the decline of fossil fuel based generation, the increased use of renewables, the continuing evolution of the SMART Grid, and the impending exponential expansion in electric cars and continued demand for electricifation of the railways, continue we will see transformational change within the organisation and structure of…